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Just before the industrial revolution many different machines existed which include clocks, weapons and running equipment for mills (watermill, windmill, horse mill and so forth.) Production of these equipment had been on much scaled-down scale in artisan workshops primarily for your community or regional market place. With the advent of your indus
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Where the equilibrium sheet supplies a snapshot of the corporate’s money placement, the Profit and Reduction account documents the economical overall performance in excess of an extended timeframe. It records your overall revenue and expenditure for the entire financial yr.Closing journal entries are made at 12 months-conclusion to arrange tempor