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What are steps 1 and 2 in the normal procedure for accounting for internal reconstructions?

Financial Reporting Accounting and Finance
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/25
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Dasarathi Rath
by Dasarathi Rath , Sr. Accountant , Al Luban Special Investment LLC

The normal procedure accounting for internal reconstruction step 1. Revaluation of assets, step 2. Reassessment of liabilities.

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