Then, the stage of transferring to the ledger.The contents include accounts payable, accounts receivable and inventories. Make records of transaction history in the subsidiary ledger.The contents of the journal include cash receipts, cash disbursement records, purchases to sales. Make records of transaction history into a special journal.Keep records of all transactions in a general journal.Can record transactions with a bookkeeping application to make it more accurate. Record transaction history and also proof of transactions.The stages of the trade accounting cycle include sales prices, main inventory to cost of goods sold, as follows: Of course, trading companies have more visible records of activities such as purchasing goods, storing and selling merchandise. As the name implies, trading companies offer products that have a concrete or real form to consumers. If we previously discussed the cycle of service companies, trading companies have slightly different accounting cycles. Types of Trading Company Accounting Cycles Read Also : 7 business ideas with small and profitable capital 2. Preparation of the remaining balance sheet after closing the books.The process of transferring books from journal entries to the general ledger.
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