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Question: What is set of books?

Answer: It is similar to the bank passbook, used to record all the financial transactions. There could be one primary set of books and many reporting set of books. Defining COA, currency and calender are pre-requisite to define the SOB.

It is similar to the bank passbook, used to record all the financial transactions. There could be one primary set of books and many reporting set of books. Defining COA, currency and calender are pre-requisite to define the SOB. Source: CoolInterview.com

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