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Documenting the accounting system
There are 3 methods generally used to document the clients system.
Narrative notes:Written description of the system
Advantages:-
Comprehensiveeasy tp delegatestory approachsufficient for small or simpleDisadvantages:-
difficult to update if hand writtendifficult to digest if complex system
Sunk Cost This is a cost which has already been incurred and cannot be affected through present or future decisions.
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