Definition of Balancing books

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historic definition...

Balancing books -- The periodical closing and adjustment of accounts in a ledger for the purpose of ascertaining profits or losses.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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