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matrenka [14]
2 years ago
11

Why is the accounting cycle important?

Mathematics
2 answers:
Ivenika [448]2 years ago
5 0
The accounting cycle ensures that all accounts are updated and maintained.
This is important since the accounts receivable representatives will get the company's owed funding to keep the finances balanced.
ankoles [38]2 years ago
4 0
Because without it the economy would fail :)
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