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Liquidation Of companies

Illustration 1 of this chapter, how to arrive at List H deficieny account. In the study material a different format is given which is not thought in indigo learn video. Kindly help??

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Harini Senthilkumar

Harini Senthilkumar

CA Inter

4K+

10-May-20 20:10

23

Answers (4)

List H - Deficiency Account is prepared in order to know the deficiency by adding all the items causing deficiency to the loss in Balance Sheet and by reducing any gain arising ( as it decreases deficiency). You can follow the method taught in the video lecture


ruchi lahoti

ruchi lahoti

Moderator

12-May-20 08:15

List H - Deficiency Account is prepared in order to know the deficiency by adding all the items causing deficiency to the loss in Balance Sheet and by reducing any gain arising ( as it decreases deficiency). You can follow the method taught in the video lecture

In case if asked in exam can follow the method taught in the video and they won't reduce mark for not writing the full format?


Harini Senthilkumar

Harini Senthilkumar

CA Inter

4K+

12-May-20 09:55

Yes you can follow. No issues

Ok thankyou!!


Harini Senthilkumar

Harini Senthilkumar

CA Inter

4K+

12-May-20 13:29

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