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03:19 Mar 21, 2005 |
English language (monolingual) [PRO] Bus/Financial - Finance (general) | ||||
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| Selected response from: Kim Metzger Mexico Local time: 18:08 | |||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +2 | accounting cycle |
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3 | cycle of what normally occurs with a customer account |
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accounting cycle Explanation: I don't know if there's an "account cycle". Maybe you mean accounting cyle. ACCOUNTING CYCLE The routine steps in processing accounting data during an accounting period. In sequence, 1) occurrence of the transaction, 2) classification of each transaction in chronological order (journalizing), 3) recording the classified data in ledger accounts (posting), 4) preparation of financial statements and 5) closing of nominal accounts. http://www.small-business-dictionary.org/default.asp?term=AC... |
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7 days confidence:
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