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Why Opening Entries to the new year include two Opening accounts

on 1/9/14, 3:31 AM 448 views

Why Opening Entries to the new year include two account , Opening Income Account and Opening Expense Account and what the use for Reserve and Profit/Loss Account anyone have explanation thanks all

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Asked: 1/9/14, 3:31 AM
Seen: 448 times
Last updated: 3/16/15, 8:10 AM