单词 | month-end closing |
释义 | month-end closingDefinition An accounting procedure undertaken at the end of the month to close out the current posting period. It is part of a company's closing operations. Types of accounting procedures addressed in month-end closing can include depreciating fixed assets, reconciling inventory discrepancies, settling work in progress material, posting billing documents, and payroll. See also day-end closing, year-end closing. |
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