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DEMAND DEPOSIT Definition

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DEMAND DEPOSIT is a bank deposit f rom which withdrawals may be made without notice.

 

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SCELLINI is a currency of Somalia.

DEPRECIATION RESERVE in the process of allocating the cost of a fixed asset over its effective service life in a systematic and rational manner (depreciation schedule), the value of each depreciable asset is reduced by its depreciation amount. To match this, the depreciation amounts are added to a "depreciation reserve" in the long-term liabilities.


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