17 December 2011
1) accounts starts where bookkeeping ends. is it correct? 2)which of the following is considered while preparing finacial statments? a)non monetary assets and liablity b)monetary assets c)monetary liablities d)none
18 December 2011
1) it is correct for manual accounting system. For new age system as SAP these concepts are part of history. 2) a) non monetary asset and liabilities.
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