The full set of procedures used to accomplish the FN Measurement/communication process of financial accounting is referred to as the:

Question

Quizplus · Accepted Answer

The accounting cycle refers to the full set of procedures used in financial accounting, from recording transactions to preparing financial statements. The trial balance, chart of accounts, and general ledger are all components of the accounting cycle, but they do not encompass the full process. Therefore, the best choice is B, accounting cycle.

The Full Set of Procedures Used to Accomplish the FN