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Jenny establishes a sole accounting practice on 1 July 2016 and sets up a small office with a secretary. On 1 July 2021, her sole

Jenny establishes a sole accounting practice on 1 July 2016 and sets up a small office with a secretary. On 1 July 2021, her sole practice merges with an accounting firm comprising 60 partners and 500 employees.

On which accounting basis should Jenny use after the merger?

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