1. Describe the process of accounting cycles. 2. Where is the position of Recognition, measurement and disclosure in the recording transaction? 3. Where is the position of Recognition, measurement and disclosure in the journal entry? 4. Where is the position of Recognition, measurement and disclosure in the ledger? 5. Where is the position of Recognition, measurement and disclosure in the trial balance? 6. Where is the position of Recognition, measurement and disclosure in the adjustment process? 7. Where is the position of Recognition, measurement and disclosure in the preparation of financial statement