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What are the mandatory accounts that need to be setup in
Set of Books?
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Answer Posted / shantanu
The first mandatory account is Retained Earnings Account.
But based on other Standard Options selected, the other
mandatory accounts are,
a. Suspense Account
b. Rounding Differences Account
c. Cumulative Translation Adjustment Account
d. Reserve for Encumbrance Account
e. Net Income Account
| Is This Answer Correct ? | 4 Yes | 2 No |
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