Put the 7 main steps of the accounting process in order (from 1 -7)below:
Definitions:
Means of Production
The resources—including tools, machinery, and raw materials—required to produce goods and services, often discussed in the context of ownership in theories of economics and socialism.
Industrial Technology
Relates to the application of engineering and manufacturing technology to make production faster, simpler, and more efficient.
Social Class
A division of a society based on social and economic status, influencing individuals' opportunities, lifestyles, attitudes, and behaviors.
Status Group
A group of individuals who share a similar social status, often determined by their occupation, income, or education level.
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