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Commercial Act — Article 29 (Types of, and Principles for Preparation of, Trade Books)

상법 제29조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) In order to clarify the assets, profits and losses from business, each merchant shall prepare books of account and balance sheets.

(2) Except as otherwise provided for by this Act, trade books shall be made in accordance with generally accepted fair and proper accounting practices.[This Article Wholly Amended by Act No. 3724, Apr. 10, 1984]

Korean original (law.go.kr) · Get articles as JSON via API

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