- The joint venture shall use Renminbi as the basic accounting unit.
- The accounting unit has regressed from the commune through the production brigade to the production team, because only by stepping back can they go forward.
- The actual practice is to divide accounting unit step by step until individual wells and then to subdivide them.
- For example,in order to keep the production team as the basic accounting unit,we shall have to convince the masses and strengthen the ranks of cadres.
- According to the regulations, the financial reports of all the domestic enterprises have to be kept with Renminbi as the standard accounting unit.