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Term of the Day
accounting cycle
business transaction
actual cost
Definition
The
steps
used in an
accounting
transaction
from the time it occurs to its occurrence on the
financial statement
sheets.
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Popular 'Accounting' Terms
current ratio
equity
working capital
asset
EBITDA
revenue
net income
negotiable
net profit
net worth
Related Terms
business transaction
modified accrual basis accounting
actual cost
income summary account
accounting information system (AIS)
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