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There are several steps of the accounting cycle that are completed throughout the reporting period as a transaction occurs. First you identify the transaction or other event. Next you journalize the transaction and then post to the ledger. Other steps of the cycle are only performed at the end of the reporting period...

There are several steps of the accounting cycle that are completed throughout the reporting period as a transaction occurs. First you identify the transaction or other event. Next you journalize the transaction and then post to the ledger. Other steps of the cycle are only performed at the end of the reporting period...

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