what is deficiency account
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An account supplementing the balance sheet of a financially weak enterprise showing estimated realization values of assets and their insufficiency to meet creditors’ claims and occasionally indicating the causes of the difficulty.
An account finalising the balance sheet of a financial weak enterprise estimated realization values of assets less from the payment of creditors claim and occasionally showing cause of difficulty.
Deficiency account are these account supplementing the balance sheet of a financial weak company estimated realization values of assets less from the payment of creditors claim and occasionally showing cause of difficulty.