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Accounting homework help!!!!Need each question answered in 100-150 words each, also please use citations in apa format for each question. Book- principles of accounting-McGraw hillWhat are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle? How do these steps play a role in accrual basis accounting?In what order are accounts arranged in the general ledger? Why?What is the purpose of a journal?What is an audit trail? Why is it desirable to have an audit trail?
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