Preparation of Statement of Affairs and Deficiency Account || Financial Accounting ||
Автор: Lucknow Learning
Загружено: 2024-09-04
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Preparation of Statement of Affairs and Deficiency Account || Financial Accounting || #accounting #lucknowlearning #exam #lucknowuniversity #education
While preparing the deficiency account format, you must sum up the opening amount. This means adding up the losses from earlier periods carried forward and any changes made during those periods. By adding up these numbers, the starting balance shows the total amount of the deficit built up over time.
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