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How did many countries significantly reduce iodine deficiency?
Closing Process
The steps taken at the end of an accounting period to prepare accounts for the next period, including zeroing out temporary accounts.
Closing the Books
Closing the books is an accounting process involving updating ledger accounts at the end of an accounting period to prepare financial statements.
Fiscal Year
A twelve-month period used for accounting purposes to prepare financial statements, which may or may not align with the calendar year.
Calendar Year
A one-year period that begins on January 1 and ends on December 31, used for most financial and tax reporting purposes.
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