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How would you correct the type of an account

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Reference no: EM132765728

Question: 1. Why are Fixed Asset accounts often grouped into parent and subaccounts?

2. How would you correct the type of an account?

3. Why is it sometimes better to enter customer opening balances as separate invoices, rather than as one summary amount?

4. How should customer and vendor opening balances be corrected if they were entered with an error?

Reference no: EM132765728

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