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How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
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What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
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