This is harmless. In the unlikely event that BOTH OF YOU. HAVE HEMOGLOBIN E TRAIT, in every. pregnancy there is a: â¢ 1 in 4 (25%) chance to have a baby with. only the usual hemoglobin A. This is. normal. â¢ 1 in 2 (50%) chance to have a baby with.
The Accounting Process. (The Accounting Cycle) The accounting process is a series of activities that begins with a transaction and ends with the closing of the books. Because this process is repeated each reporting period, it is referred to as the accounting cycle and includes these major steps: Identify the transaction or other recognizable event.
The accounting cycle is the same in a manufacturing company, merchandising company, and a service company. Journal entries are used to record transactions, adjusting journal entries are used to recognize costs and revenues in the appropriate period, financial statements are prepared, and closing entries are recorded.