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Company final account

This query is : Resolved 

15 April 2014 account treatment on depreciation reserve

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


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