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What to do when QuickBooks file gets corrupt?

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It is common to see corruption in QuickBooks due to various reasons like hardware failure, improper system shutdown, virus attack etc. When QuickBooks file gets corrupt all your data in it  become inaccessible, sometime even cannot open file. So  if you won't handle corruption properly, you may lose your precious data. To overcome corruption, you can use inbuilt utility provided by Intuit QuickBooks support but how will you know that what are the reasons for corruption. So here I am describing some of the symptoms for QuickBooks file corruption: