The procedure used by accountants to convert data about individual transactions to financial statements is called

A) the cash flow method.
B) the statement of owners' equity.
C) the accounting cycle.
D) the balance sheet.

Accounting Cycle

Set of activities involved in converting information and individual transactions into financial statements.

Accountants

Professionals who perform financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.

Cash Flow Method

An accounting technique that tracks the movement of cash in and out of a business, crucial for understanding its liquidity.