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Explain the meaning of long-term notes payable is or long term liabilities?
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What is a accounts? and why have u prepare Accounts only one methods ?have a possible a different pattern?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
A Vat account debit balance reported in the year end trail balance would represent?
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