Company final account
This query is : Resolved
15 April 2014
Depreciation reserve a/c is a kind of reserve which must be less from gross block of fixed asset.
though this is a liability a/c with nature, but in Balance sheet this must be shown as below
Fixed Assets 100
Less - Dep Res 6
Net fixed asset 94
though this is a liability a/c with nature, but in Balance sheet this must be shown as below
Fixed Assets 100
Less - Dep Res 6
Net fixed asset 94
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