Define: Closing the Books

UK Accounting Glossary

Definition: Closing the Books

Quick Summary of Closing the Books

A term used to describe making the final entries, and balancing the profit and loss account at the end of the financial year.

What is the dictionary definition of Closing the Books?

Dictionary Definition

Full Definition of Closing the Books

Closing the Books FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Closing the Books. Payroll & Accounting Heaven Ltd. July 21, 2019
Chicago Manual of Style (CMS):
Closing the Books. Payroll & Accounting Heaven Ltd. (accessed: July 21, 2019).
American Psychological Association (APA):
Closing the Books. Retrieved July 21, 2019, from website:

Definition Sources

Definitions for Closing the Books are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December 2018.