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Accounting years

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Natasha4995 | 20:06 Sun 07th Oct 2007 | Business & Finance
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I've been looking at some accounting books recently and when a year is written in the books they say 20x7 instead of 2007, why is that?
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A guess only - so it's obvious the year is an example, not a real year.
So the book won't look out of date in 10 years' time?

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Accounting years

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