Question: 1. Define the Parallel Accounting and discuss its usefulness using a real example. 2. Explain the Accounts Payable Accounting using a real example with different

1. Define the Parallel Accounting and discuss its usefulness using a real example.2. Explain the Accounts Payable Accounting using a real example with different steps of sub-ledger and general ledger accounts. 3. Explain clearly the reporting using an ES related to accounting.

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