{"id":58569,"date":"2020-06-06T10:16:20","date_gmt":"2020-06-06T04:46:20","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=58569"},"modified":"2021-07-30T10:22:53","modified_gmt":"2021-07-30T04:52:53","slug":"upsc-epfo-eo-accounting-cycle","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/","title":{"rendered":"UPSC EPFO EO Accounting Cycle [8 Steps] | Know Full Steps Here"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#What_is_the_Accounting_Cycle\" >What is the Accounting Cycle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#Whats_the_purpose_of_the_accounting_cycle\" >What\u2019s the purpose of the accounting cycle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#Major_Steps_In_Accounting_Cycle\" >Major Steps In Accounting Cycle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#Understanding_the_8-Step_Accounting_Cycle\" >Understanding the 8-Step Accounting Cycle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#UPSC_EPFO_EO_Study_Notes\" >UPSC EPFO EO Study Notes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#UPSC_EPFO_EO_Study_Material_Preparation_Strategy\" >UPSC EPFO EO Study Material | Preparation Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-eo-accounting-cycle\/#Grab_Free_eBooks_On_Our_Platform\" >Grab Free eBooks On Our Platform<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\">Have applied for UPSC EPFO EO 2021 &amp; looking for Accounting Cycle Topic? Then you are at the right pace. The accounting cycle topic is one of the important topics for the UPSC EPFO EO exam 2021. To help you in your preparations, we have brought you everything on UPSC EPFO EO Accounting Cycle. In this blog, we will provide the basic eight important steps in the Accounting Cycle.<\/p>\n<p style=\"text-align: justify;\">Let&#8217;s start with the blog and know everything about the Accounting Cycle. Also, have a look at the types of questions asked in the UPSC EPFO EO examination for free.\u00a0<span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">Register here to take up practice questions.<\/a><\/strong><\/em><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Accounting_Cycle\"><\/span><strong>What is the Accounting Cycle?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"mntl-sc-block_1-0-3\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\">\n<p style=\"text-align: justify;\">The\u00a0accounting cycle\u00a0is a basic, eight-step process for completing a company\u2019s bookkeeping tasks. It provides a clear guide for the recording, analysis, and final reporting of a business\u2019s financial activities.<\/p>\n<\/div>\n<div id=\"mntl-sc-block_1-0-4\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\">\n<div id=\"mntl-block_4-0\" class=\"comp mntl-block\">\n<div id=\"billboard2-sticky-dynamic_1-0\" class=\"comp scads-to-load right-rail__item billboard-sticky billboard2-sticky-dynamic billboard-sticky--sc scads-stick-in-parent scads-ad-placed scads-stuck-bottom\" data-height=\"600\">\n<div class=\"spacer\">\n<div id=\"billboard2-dynamic_1-0\" class=\"comp billboard2-dynamic mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt billboard dynamic\" data-ad-width=\"300\" data-ad-height=\"250\">\n<div id=\"billboard2\" class=\"wrapper\" data-type=\"billboard\" data-pos=\"btf1\" data-priority=\"3\" data-sizes=\"[[300, 250], [300, 600], [300, 601], [160, 600], [300, 251], [2, 1], &quot;fluid&quot;]\" data-rtb=\"true\" data-targeting=\"{}\" data-auction-floor-id=\"f773805d8bd1403bb1895fcaf1397165\" data-auction-floor-value=\"10\" data-google-query-id=\"CP6p_8ef7OkCFaMZtwAd4gEMyg\">\n<div id=\"google_ads_iframe_\/479\/investopedia\/inv_corporate-finance-and-accounting\/billboard2_0__container__\" style=\"text-align: justify;\">\n<p>The accounting cycle is used comprehensively through one full reporting period. Thus, staying organized throughout the process\u2019s timeframe can be a key element that helps to maintain overall efficiency. Accounting cycle periods will vary by reporting needs. Most companies seek to analyze their performance on a monthly basis, though some may focus more heavily on quarterly or annual results.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"mntl-sc-block_1-0-6\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\">\n<div id=\"mntl-block_5-0\" class=\"comp mntl-block\">\n<div id=\"billboard3-sticky-dynamic_1-0\" class=\"comp scads-to-load right-rail__item billboard-sticky billboard3-sticky-dynamic billboard-sticky--sc scads-stick-in-parent scads-ad-placed scads-stuck-bottom\" data-height=\"600\">\n<div class=\"spacer\">\n<div id=\"billboard3-dynamic_1-0\" class=\"comp billboard3-dynamic mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt billboard dynamic\" data-ad-width=\"300\" data-ad-height=\"250\">\n<div id=\"billboard3\" class=\"wrapper\" data-type=\"billboard\" data-pos=\"btf2\" data-priority=\"5\" data-sizes=\"[[300, 250], [300, 252], [3, 1], &quot;fluid&quot;]\" data-rtb=\"true\" data-targeting=\"{}\" data-auction-floor-id=\"e07f1352346747f387bd011c422fb68e\" data-auction-floor-value=\"25\" data-google-query-id=\"CK-wpsif7OkCFV_RcwEdRHgFfA\">\n<div id=\"google_ads_iframe_\/479\/investopedia\/inv_corporate-finance-and-accounting\/billboard3_0__container__\" style=\"text-align: justify;\">Regardless, most bookkeepers will have an awareness of the company\u2019s financial position from day-to-day. Overall, determining the amount of time for each accounting cycle is important because it sets specific dates for opening and closing. Once an accounting cycle closes, a new cycle begins, restarting the eight-step accounting process all over again.<\/div>\n<div><\/div>\n<div>\n<p><span style=\"color: #3366ff;\"><em><strong><br \/>\n<a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">Get Study Notes On UPSC EPFO EO Now! Click Here<\/a><\/strong><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div><\/div>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"Whats_the_purpose_of_the_accounting_cycle\"><\/span><strong>What\u2019s the purpose of the accounting cycle?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The proper order of the accounting cycle ensures that the financial statements\u00a0your company produces are consistent, accurate, and conform to official accounting standards (such as\u00a0IFRS\u00a0and\u00a0GAAP).<\/p>\n<p style=\"text-align: justify;\">In short, the concept of an accounting cycle makes sure that all of the money passing through your business is actually \u201caccounted\u201d for.<\/p>\n<p><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">Register Now &amp; take Free Mock test To Assess Your preparations<\/a><\/strong><\/em><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Steps_In_Accounting_Cycle\"><\/span><strong>Major Steps In Accounting Cycle?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The following are the major steps involved in the accounting cycle. We will use a simple example problem to explain each step.<\/p>\n<p><strong>Step 1:<\/strong> Analyzing and recording transactions via journal entries<\/p>\n<p><strong>Step 2<\/strong>: Posting journal entries to ledger accounts<\/p>\n<p><strong>Step 3:<\/strong> Preparing an unadjusted trial balance<\/p>\n<p><strong>Step 4:<\/strong> Preparing to adjust\u00a0entries\u00a0at the end of the period<\/p>\n<p><strong>Step 5:<\/strong> Preparing an adjusted trial balance<\/p>\n<p><strong>Step 6:<\/strong> Preparing financial statements<\/p>\n<p><strong>Step 7:<\/strong> Closing temporary accounts via closing entries<\/p>\n<p><strong>Step 8:<\/strong> Preparing a post-closing trial balance<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-58571 aligncenter\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/06\/AC.png\" alt=\"UPSC EPFO EO Accounting Cycle\" width=\"600\" height=\"400\" \/><\/p>\n<p><em><strong>For complete study notes.\u00a0<a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #3366ff;\">Register here with your email id, password, and mobile no<\/span>.<\/a><\/strong><\/em><\/p>\n<h2 id=\"mntl-sc-block_1-0-11\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_the_8-Step_Accounting_Cycle\"><\/span><strong><span class=\"mntl-sc-block-heading__text\">Understanding the 8-Step Accounting Cycle<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The eight-step accounting cycle starts with recording every company transaction individually and ends with a comprehensive report of the company\u2019s activities for the designated cycle timeframe. Many companies use accounting software to automate the accounting cycle. This allows accountants to program cycle dates and receive automated reports.<\/p>\n<p><strong>The 8 Steps of the Accounting Cycle<br \/>\n<\/strong><br \/>\nThe eight steps to the accounting cycle include the following:<\/p>\n<p style=\"text-align: justify;\"><strong>Step 1: Identify Transactions<br \/>\n<\/strong><br \/>\nThe first step in the accounting cycle is identifying transactions. Companies will have many transactions throughout the accounting cycle. Each one needs to be properly recorded on the company\u2019s books.<\/p>\n<p style=\"text-align: justify;\">Recordkeeping is essential for recording all types of transactions. Many companies will use point of sale technology linked with their books to record sales transactions. Beyond sales, there are also expenses that can come in many varieties.<\/p>\n<p style=\"text-align: justify;\"><strong>Step 2: Record Transactions in a Journal<br \/>\n<\/strong><br \/>\nThe second step in the cycle is the creation of journal entries for each transaction. Point of sale technology can help to combine Steps 1 and 2, but companies must also track their expenses. The choice between accrual and cash accounting will dictate when transactions are officially recorded. Keep in mind, accrual accounting requires the matching of revenues with expenses so both must be booked at the time of sale.<\/p>\n<p style=\"text-align: justify;\">Cash accounting requires transactions to be recorded when cash is either received or paid. Double-entry bookkeeping calls for recording two entries with each transaction in order to manage a thoroughly developed balance sheet along with an income statement and cash flow statement.<\/p>\n<p style=\"text-align: justify;\">With double-entry accounting, each transaction has a debit and a credit equal to each other. Single-entry accounting is comparable to managing a checkbook. It gives a report of balances but does not require multiple entries.<\/p>\n<p style=\"text-align: justify;\"><strong>Step 3: Posting<br \/>\n<\/strong><br \/>\nOnce a transaction is recorded as a journal entry, it should post to an account in the general ledger. The general ledger provides a breakdown of all accounting activities by account. This allows a bookkeeper to monitor financial positions and statuses by account. One of the most commonly referenced accounts in the general ledger is the cash account which details how much cash is available.<\/p>\n<p><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">Register Now &amp; take Free Mock test To Assess Your preparations<\/a><\/strong><\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>Step 4: Unadjusted Trial Balance<\/strong><\/p>\n<p>At the end of the accounting period, a trial balance is calculated as the fourth step in the accounting cycle. A trial balance tells the company its unadjusted balances in each account. The unadjusted trial balance is then carried forward to the fifth step for testing and analysis.<\/p>\n<p style=\"text-align: justify;\"><strong>Step 5: Worksheet<br \/>\n<\/strong><br \/>\nAnalyzing a worksheet and identifying adjusting entries make up the fifth step in the cycle. A worksheet is created and used to ensure that debits and credits are equal. If there are discrepancies then adjustments will need to be made.<\/p>\n<p style=\"text-align: justify;\">In addition to identifying any errors, adjusting entries may be needed for revenue and expense matching when using accrual accounting.<\/p>\n<p><strong>Step 6: Adjusting Journal Entries<br \/>\n<\/strong><br \/>\nIn the sixth step, a bookkeeper makes adjustments. Adjustments are recorded as journal entries where necessary.<\/p>\n<p><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">Get Study Notes On UPSC EPFO EO Now! Click Here<\/a><\/strong><\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>Step 7: Financial Statements<br \/>\n<\/strong><br \/>\nAfter the company makes all adjusting entries, it then generates its financial statements in the seventh step. For most companies, these statements will include an income statement, balance sheet, and cash flow statement.<\/p>\n<p style=\"text-align: justify;\"><strong>Step 8: Closing the Books<br \/>\n<\/strong><br \/>\nFinally, a company ends the accounting cycle in the eighth step by closing its books at the end of the day on the specified closing date. The closing statements provide a report for analysis of performance over the period.<\/p>\n<p style=\"text-align: justify;\">After closing, the accounting cycle starts over again from the beginning with a new reporting period. At closing is usually a good time to file paperwork, plan for the next reporting period, and review a calendar of future events and tasks.<\/p>\n<p>Source: <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.investopedia.com\/ask\/answers\/050815\/what-are-most-important-steps-accounting-cycle.asp\" target=\"_blank\" rel=\"noopener noreferrer\">Investopedia<\/a><\/span><\/p>\n<p><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">Register Now &amp; take Free Mock test To Assess Your preparations<\/a><\/strong><\/em><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPSC_EPFO_EO_Study_Notes\"><\/span><span id=\"3_UPSC_EPFO_EO_Study_Notes\"><strong>UPSC EPFO EO Study Notes<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>1.\u00a0<\/strong><strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo\" target=\"_blank\" rel=\"noopener noreferrer\">10 Mock Tests<\/a><\/strong>\u00a0for EPFO EO in the latest pattern with detailed solutions<\/p>\n<p><strong>2.<\/strong>\u00a0Summary Notes for all sections (except Quant, Eng)<\/p>\n<ul>\n<li>Indian Freedom Struggle (<strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here For Notes<\/a><\/strong>)<\/li>\n<li>Indian Polity and Economy (<strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here For Notes<\/a><\/strong>)<\/li>\n<li>General Accounting Principles\u00a0(<strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here For Notes<\/a><\/strong>)<\/li>\n<li>Industrial Relations and Labor Laws\u00a0 (<strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here For Notes<\/a><\/strong>)<\/li>\n<li>General Science and Knowledge of Computer Applications\u00a0 (<strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here For Notes<\/a><\/strong>)<\/li>\n<li>\u00a0Social Security in India\u00a0 (<strong><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj-epfo&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here For Notes<\/a><\/strong>)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-eo\/?ref=dj&amp;next=https:\/\/mocks.oliveboard.in\/banking\/epfolessons.php\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-57572 size-full\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/05\/111-1.png\" alt=\"\" width=\"1126\" height=\"624\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPSC_EPFO_EO_Study_Material_Preparation_Strategy\"><\/span><span id=\"4_UPSC_EPFO_EO_Study_Material_Preparation_Strategy\"><span id=\"3_UPSC_EPFO_EO_Study_Material_Preparation_Strategy\"><strong>UPSC EPFO EO Study Material | Preparation Strategy<\/strong><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For topic-wise EPFO EO preparation strategy and preparation tips click on the blog link given below.<\/p>\n<p><em><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-enforcement-officer-preparation-strategy\/\" target=\"_blank\" rel=\"noopener noreferrer\">UPSC EPFO EO preparation strategy and preparation tips<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grab_Free_eBooks_On_Our_Platform\"><\/span><b>Grab Free eBooks On Our Platform<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"mntl-sc-block_1-0-6\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\">\n<div id=\"mntl-block_5-0\" class=\"comp mntl-block\">\n<div id=\"billboard3-sticky-dynamic_1-0\" class=\"comp scads-to-load right-rail__item billboard-sticky billboard3-sticky-dynamic billboard-sticky--sc scads-stick-in-parent scads-ad-placed scads-stuck-bottom\" data-height=\"600\">\n<div class=\"spacer\">\n<div id=\"billboard3-dynamic_1-0\" class=\"comp billboard3-dynamic mntl-gpt-dynamic-adunit mntl-gpt-adunit gpt billboard dynamic\" data-ad-width=\"300\" data-ad-height=\"250\">\n<div id=\"billboard3\" class=\"wrapper\" data-type=\"billboard\" data-pos=\"btf2\" data-priority=\"5\" data-sizes=\"[[300, 250], [300, 252], [3, 1], &quot;fluid&quot;]\" data-rtb=\"true\" data-targeting=\"{}\" data-auction-floor-id=\"e07f1352346747f387bd011c422fb68e\" data-auction-floor-value=\"25\" data-google-query-id=\"CK-wpsif7OkCFV_RcwEdRHgFfA\">\n<p>You can download 200+ ebooks important for SSC, Banking, Railway, Insurance, and other government exams here.<\/p>\n<p><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=dj\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58325 size-full\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/05\/ebook-blog.png\" alt=\"ebook\" width=\"495\" height=\"488\" \/><\/a><span id=\"OliveboardBolt_series_E-books\"><strong>Oliveboard\u00a0Bolt series E-books:\u00a0<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" 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noreferrer\">Economy Bolt \u2013 Free E-book for Economy<\/a><\/strong><\/em><\/span><\/li>\n<\/ul>\n<h4><span id=\"Free_Static_GK_E-book_More_Study_Materials\"><strong>Free Static GK E-book \u2013 More Study Materials :<\/strong><\/span><\/h4>\n<ul>\n<li><span style=\"color: #3366ff;\"><em><strong><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/free-gk-ebook-list-cm-governor-cji\/\" target=\"_blank\" rel=\"noopener noreferrer\">Free GK Ebook \u2013 List of CMs, Governors, and CJIs (June\u2013 2020)<\/a><\/strong><\/em><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><em><a style=\"color: #3366ff;\" href=\"https:\/\/www.oliveboard.in\/blog\/important-summits-and-conferences-2018\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Important Summits and Conferences 2018 \u2013 Free Current Affairs Ebook<\/strong><\/a><\/em><\/span><\/li>\n<li><span style=\"color: #3366ff;\"><em><a style=\"color: #3366ff;\" 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I hope the information provided above will help you in your exam preparation. Stay tuned for more exam related information.<\/p>\n<p>All The Best For Your Exam Preparation!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Have applied for UPSC EPFO EO 2021 &amp; looking for Accounting Cycle Topic? Then you are at the right pace.<\/p>\n","protected":false},"author":60,"featured_media":58573,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2586,10237,10321],"tags":[],"class_list":["post-58569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-notes","category-preparation-resources","category-upsc-epfo","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPSC EPFO EO Accounting Cycle [8 Steps] | Know Full Steps Here<\/title>\n<meta name=\"description\" content=\"Get complete study notes on 8 important Accounting Cycle steps for UPSC EPFO EO 2020 exam. 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