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Definition of

accounting cycle


process of regularly updating financial records the regular process of formally updating a firm's financial position by recording, analyzing, and reporting its transactions during the accounting period

Definitions of ’accounting cycle’ and meaning of ’accounting cycle’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accounting cycle’ and other financial terms with our online QFINANCE Financial Dictionary.

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