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The Accounting Cycle
Learn about The Accounting Cycle
Author:Krish Beachoo
Edu Level: CSEC
Date: Jun 24, 2022
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- An Accounting System should provide an efficient process that records all transaction and classifies data.
- This accounting system involves a series of steps commonly referred to as ACCOUNTING CYCLE.
Accounting Period
- A specific time period, usually 12 months, adopted by a business for the purpose of finalizing/summarizing accounts.