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.




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https://payrollheaven.com/define/closing-the-books/
Modern Language Association (MLA):
Closing the Books. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 20, 2019 https://payrollheaven.com/define/closing-the-books/.
Chicago Manual of Style (CMS):
Closing the Books. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/closing-the-books/ (accessed: November 20, 2019).
American Psychological Association (APA):
Closing the Books. PayrollHeaven.com. Retrieved November 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/closing-the-books/

Definition Sources


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