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For this assignment please identify the 10 steps in the accounting cycle and explain the purpose of each step in a short paragraph. As you

For this assignment please identify the 10 steps in the accounting cycle and explain the purpose of each step in a short paragraph. As you are writing please keep in mind that the question is asking for the PURPOSEof each step, not HOW it is completed! When thinking about the purpose of a step consider why we are completing it or what it tells us after it is completed.

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