Question

A junior accountant is working to get everything for the new financing and has come to you with a question about what to do next in the accounting cycle.

Answer 1

Explanation:

The job of an accountant is to track the financial entries or transactions of an organization and to make all the financial statements for the company. These financial statements include Ledgers, Journal Entries, Trial Balance, Balance Sheets, Income Statements, Cash Flow Statements, etc. Now in this question, when the junior accountant comes to you to ask about what to do next in the accounting cycle, then you should tell him to work on the individual statements of the accounts, tell him to make ledges, make t accounts, post the entries to the journals and then get everything in line for making the big main financial statements.

Answer 2

accounting is a process of summarizing, classifying and entering transactions.  first the accountant has to enter the accounts to the prime entry books, then accounts and balance them and prepare the final accounts