why the deficiency account is prepared
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hey
here is ur answer
When company become insolventdeficiency accounts is prepared . Thisaccount shows the reason of companydeficiency .A company deficiency is because of losses ,decrease in the value of assets or any other such reasons.
I hope it help
here is ur answer
When company become insolventdeficiency accounts is prepared . Thisaccount shows the reason of companydeficiency .A company deficiency is because of losses ,decrease in the value of assets or any other such reasons.
I hope it help
Answered by
7
wait for sometime I was write on my meno,notes, because my hanging keyboard in BRAINLY because of low Prosser
________________________&&_____
ANSWER ARE FOLLOW SIR IS
Deficiency account or Company insolvency :
When company become insolvent deficiency accounts is prepared . This account shows the reason of company deficiency .A company deficiency is because of losses ,decrease in the value of assets or any other such reasons.
This account is not made on double entry system but it is statement of simple calculation.
To make the deficiency Account we have to find or make list of item which are responsible for deficiency account
I HOPE HELPFUL
MARK BRAINLEAST.
________________________&&_____
ANSWER ARE FOLLOW SIR IS
Deficiency account or Company insolvency :
When company become insolvent deficiency accounts is prepared . This account shows the reason of company deficiency .A company deficiency is because of losses ,decrease in the value of assets or any other such reasons.
This account is not made on double entry system but it is statement of simple calculation.
To make the deficiency Account we have to find or make list of item which are responsible for deficiency account
I HOPE HELPFUL
MARK BRAINLEAST.
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