What are the components of Set of Books?



What are the components of Set of Books?..

Answer / mstapps

Components are 3c's and 6 mondatory accounts and futur periods

three c are

1. Chart of accounts
2. Currency
3. calendar

Mondatory accounts are

1. Retained earning
2. Translated adjustment account
3. Net income
4. Suspence account
5. Rounding difference account
6. Reserve for Encombrance

and Future period

this are the coponents for SOB

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