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What are the components of Set of Books?
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Answer Posted / 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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