What is a simple,orderly process based on a series of steps and conventions used to record economic events called?

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The process based on a series of steps and conventions used to record economic events is called the accounting cycle. This includes identifying and analyzing transactions, recording them in journal entries, posting them to the general ledger, preparing a trial balance, adjusting entries, preparing financial statements, closing the books, and preparing a final trial balance.

What Is a Simple,orderly Process Based on a Series of Steps