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Quarter One First Year (Q1)

Objective 10 We are now going to move on to Quarter One, so in this section you will learn how financial statements are prepared, and what their relationship is, during the operation of BIS Ltd. through Quarter One, Year One, Operation O10 to Operation O35 F.


As we are describing the accounting procedures for typical transactions only those new typical transactions in Quarter One (Q1) are being presented in ths section. The cash flow for Q1 is presented in the Accounting System > Group 2 > Cash Flow Y1.



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