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Effect on the financial statements: There is certainly an increase to some legal responsibility and a rise to property. These accounts equally effect the balance sheet although not the cash flow assertion.An illustration journal entry structure is as follows. It isn't taken from earlier examples but is intended to stand alone.In such a case, gear i… Read More

A Parliamentary panel report in April 2017 stated that rural households and "honest taxpayers" ended up the worst hit by demonetisation.[228] It claimed that it was not only the inadequate that experienced, however the production sector was impacted much too.[229] Based on the panel, demonetisation created sizeable disruption all over financial sys… Read More

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