Balance sheet carrying amounts are net of valuation allowances, accumulated depreciation, amortisation and impairment losses. Select one: True False
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Question & Answer: Balance sheet carrying amounts are net of valuation allowances, accumulated depreciation, am…..
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this statement is true because accural transaction basis these are to be done to show the financial reports or statement based on the summary of the report with the help of these carrying amounts will be helpfull to calculation to be done.