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The accounting cycle illustrated in a circular flowchart.

Circular flowchart showing the accounting cycle steps: Transaction, Journal Entries, Posting, Trial Balance, Adjusting Entries, Worksheet, Closing the Books, and Financial Statements.

Circular flowchart showing the accounting cycle steps: Transaction, Journal Entries, Posting, Trial Balance, Adjusting Entries, Worksheet, Closing the Books, and Financial Statements.

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