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. July 21, 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: July 21, 2019).
American Psychological Association (APA):
Closing the Books. PayrollHeaven.com. Retrieved July 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/closing-the-books/

Definition Sources


Definitions for Closing the Books are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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