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Q45 1. State with reasons, whether the following statements are true or false: (i) A tallied trial balance means that the books of accounts have
Q45 1. State with reasons, whether the following statements are true or false: (i) A tallied trial balance means that the books of accounts have been prepared as per accepted accounting principles. (ii) The rationale behind the opening of a suspense account is to tally the trial balance. (iii) Reducing balance method of depreciation is followed to have a uniform charge for depreciation and repairs and maintenance together.
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