What are sets of books

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asked Jun 28, 2016 in Class XI Accountancy by Raul Saha (-1 points)

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answered Jun 29, 2016 by Yashanshi Tiwari Expert (2,810 points)

A set of books identifies a company or fund within Oracle Applications that shares a common chart of accounts structure, calendar, and functional currency. When you set up Oracle Projects either as a standalone installation or integrated with other Oracle Applications, you need to set up one set of books for each set of products that share a common chart of accounts, calendar, and currency.

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