A.

B. Teer company which makes ata, moida and suji. For making this product they used various raw materials which the company purchase from various suppliers. If Teer company didnt pay the amount at the committed time period to the supplier then against which the supplier should sue. Following which rules of GAAP they should do this? Explain.

Answer both A & B.

1. Identification of Transaction 13. Post Closing Trial Balance 2. Source Documents 12. Closing Entries 3. Recording in Journal H 11. Cash Flow Statement 4. Posting to Ledger HHHH 10. Balance Sheet 5. Preparing Trial Balance 9. Statement of Owner Equity 6. Making Adjustment Entries 8. Income Statement 7. Prepare Adjusted Trial Balance These are the different terminology of accounting. what does specifically this picture say about and explain step of this picture