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What is mean by Zero balance clearing account? how it used in
real time?
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Answer / meeravali
As the name indicates it, a zero-balance clearing account is a balance sheet account which is maintained for the purpose of posting additional clearing entries in the event of the documents are not balanced with the respect to different dimensions used for your reporting such as profit centre, business area, segment, etc.
| Is This Answer Correct ? | 8 Yes | 4 No |
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