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Diffrence between statement of affair and …

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Diffrence between statement of affair and balance sheet

    • Posted by Sankalp Ganera 6 years, 11 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Milly Rai 6 years, 11 months ago

    Statement of affairs follows single entry system while b/s follows double entry system. In statement of a affairs omissions can't be known but in balance sheet omissions can be known.

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