Answer Posted / rajesh
MACHINERY IS A LONG TERM FIXED ASSESTS.
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You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
Purchase book is a ----------journal
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Expand---------OTMD
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EXPAND___________NBW
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