Answer
Accounting cycle is the holistic process of recording, classification and summarization of the accounting events of a company.
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More In Accounting for Receivables Incremental Analysis and Capital Budgeting Estimation Grouping and displaying data to convey meaning: Tables and Graphs Corporations: Dividends, Retained Earnings, and Income Reporting Logarithms Testing Hypotheses: One Sample Tests Probability Distributions Plant Assets, Natural Resources, and Intangible Assets Completing the Accounting Cycle Accounting in Action Managerial Accounting Sampling and Sampling Distributions Process Costing Chi-Square and Analysis of Variance Financial Statement Analysis The Recording Process Budgetary Control and Responsibility Accounting Current Liabilities and Payroll Accounting Cost Volume Profit Long-Term Liabilities Inventories Accounting for Merchandising Operations