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I'm working on a accounting discussion question and need an explanation and answer to help me learn.
List and explain the 4 steps in the Accounting Cycle that are associated with the recording of transactions.
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The first step followed in the accounting process is identifying and analyzing the
transaction (Tarver, 2022). In this step, data is taken from activities or sources of origin and
changed to the data to be used for financial purposes. For example, the sales made by...
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