Question: 1)What are the steps in completing the accounting cycle? 2)How do the different steps affect the financial statements? 3)What is the effect on the financial

1)What are the steps in completing the accounting cycle?

2)How do the different steps affect the financial statements?

3)What is the effect on the financial statements of missing a step when completing the accounting cycle?

4)How do these steps play a roll in accrual basis accounting?

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