Answer / pravin kaujalagi

"Ledger is usually a bound book containing the various
accounts concerned with business."

It contains all personal accounts of debtors and creditors
with whom business deals, the accounts of all assets of
business and also accounts all exps.and incomes.

You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

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