Define the Accounting Cycle and List the Stages of the Cycle

question 88

Essay

Define the accounting cycle and list the stages of the cycle.

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Definitions:

Input Data Validation

A process that checks and verifies the input data for correctness, completeness, and security before it is processed by the program.

Pretest Loop

A loop in programming that checks its condition before executing the body of the loop, ensuring the loop runs zero or more times.

Repetition

In programming, refers to the action of repeating a set of instructions a specified number of times or until a certain condition is met, often achieved through loops.

Condition

An expression that can be evaluated as true or false, typically used in decision-making structures within programming.