The accounting cycle consists of a series of steps that record financial transactions and produce financial statements. Some data entry steps may occur at any time during the accounting cycle, other transactions occur only during financial statement production. This process repeats itself for every accounting period, whether for large companies or small businesses. Large companies frequently divide these tasks in departments.
Definition of snippet for English Language Learners. : 1  a small piece of information or news. : 2  a small part of something (such as a piece of music, a conversation, etc.)
The Muppet Show is a half-hour variety show in which Kermit the Frog and the Muppets put on a weekly musical/comedy revue at the Muppet Theater. Unfortunately for them, things never quite go according to plan, for the Muppets or their weekly guest stars.