Write in short about accounting cycle or process

Accounting cycle or process refers to the steps of accounting which a person's follows:

The steps of the transactions are recorded in the journal, ledger and final account for the purpose of recording, classifying, summarising, analysis and interpreting. The accounting process includes journal and subsidiary books, their corresponding ledger accounts, trial balance for accuracy and final accounts at the end of the year to disclose the financial position. The same process is repeated again and again in all the financial years, which is known as accounting cycle. It can be presented as under:

Accounting Cycle Process:

1. Transactions
2. Journal and subsidiary books
3. Ledger
4. Trial Balance
5. Trading profit and loss account balance sheet
6. Evaluation
7. and back to process 1 and so on