The accounting cycle refers to the steps in preparing the work sheet for users.

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The accounting cycle refers to a series of steps in the accounting process, including recording transactions, posting to ledgers, preparing financial statements, and closing the books at the end of the accounting period. The work sheet is a tool used during the accounting cycle to organize and summarize financial information, but it is not the entire cycle itself.

The Accounting Cycle Refers to the Steps in Preparing the Work