Bookkeeping – Accounting Cycles (Lesson 29)

Economic Cycles

The bookkeeping cycle is like a huge giant clock with several dozen gears from a multiple cog gear rotating the most frequently turning cog cascading into the one large gear that once turned changes the timer one year forward.  The bookkeeper’s job is to make all the gears click and keep the system lubricated.  At the end of the year, hopefully the final gear moves one click on time and the process starts all over.

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