The maximum number of documents in cabinet is limited to 1,000,000 items but it is not a limit value taking into version account.
For example, if there are 3 versions for 1 document, the number of documents is counted as 1 document.
However, please note that documents in recycle bin are included as the number of documents.
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iAP/Accel Applications/Accel Documents/All Updates
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FAQID:1072