close the books

English

Verb

close the books (third-person singular simple present closes the books, present participle closing the books, simple past and past participle closed the books)

(idiomatic, finance, accounting) To finalize the financial records for a specific accounting period; to cease trading.

Usage notes

Not to be confused with close the book on.

This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.