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Accounting equation is the basis for making statements of the financial position in accordance with IAS 1 (revised B.E.2552) which refers to the statements of the financial position at the end of the period or the date prepared the statements of the financial position including assets liabilities and capital or equity. Accounting to the announcement of the department of business development, there are only report from but there are also other forms prepared for using in Thailand. So statements of the financial position can divided into two forms, accounting forms and a report form as follows
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