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Liquidation Of companies
Accountancy
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??
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
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?
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