At the end of each accounting period, the company's accountant records journal entries to ensure...
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Accounting
At the end of each accounting period, the company's accountant records journal entries to ensure that account balances correctly reflect the company's financial performance for the current period and/or the company's financial position as of the end of the current period. This step of the accounting cycle is commonly called:
a.) Closing the books
b.) Adjusting the books
c.) Accruing the books
d.) Balancing the books
e.) None of the above
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