These are the different terminology of accounting. what does specifically this picture say about and explain step of this picture.

1. Identification of Transaction 13. Post Closing Trial Balance 2. Source Documents 12. Closing Entries 3. Recording in Journal 11. Cash Flow Statement 4. Posting to Ledger 10. Balance Sheet 5. Preparing Trial Balance 9. Statement of Owner Equity 6. Making Adjustment Entries 8. Income Statement 7. Prepare Adjusted Trial Balance