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Another employee in your office is questioning a rumor that the company you work for is maintaining two sets of accounting books. One set for

Another employee in your office is questioning a rumor that the company you work for is maintaining two sets of accounting books. One set for financial accounting and another set for tax accounting. How would you respond concerning two sets of accounting books? Does this make sense? How would you reconcile the two sets of books? Why not just use one set of books?

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