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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is meant by the word Liquidation. Give examples
 Question Submitted By :: Satyaki_raju@yahoo.com
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  Re: What is meant by the word Liquidation. Give examples
Answer
# 1
When a company goes bankrupt or terminated the creditors of 
the company will be settled by selling of assets,the 
remaining amount if any will be distributed to share holders
 
Is This Answer Correct ?    4 Yes 0 No
Satyaki_raju@yahoo.com
[Taxtime]
 
  Re: What is meant by the word Liquidation. Give examples
Answer
# 2
liquidation is a process of selling off a companys asset to 
pay its debt when it goes bankrupt.
 
Is This Answer Correct ?    2 Yes 0 No
Peter Abubakari
 
 
 

 
 
 
Other Accounting AllOther Interview Questions
 
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how important of purchase and sales invoices? CTS1
why share capital shown in liability side of a balance sheet  7
how accountant calculatee depriciation  3
WHAT IS 'MORTGAGE AND REVERSE MORTGAGE'? BA-Continnum-Solutions2
Who constitute 'staff' for the purposes of showing 'total staff costs' in the accounts?  1
is accounting a science or an art?  2
what is business transaction  2
Expand W C T Vertex2
What is the diffrecnce between liabilities and owner's equity? ABN-AMRO2
Expand---------TMG  1
what is contigent liability and state some examples also.  2
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Expand--------ACRD  1
Capital is asset of the company. But why does it appear in Liability side of the balance sheet. JPMorgan-Chase11
What is capital gains? Brigade2
How should you treat money donated to improve a building, which is a permanent endowment?  2
Expand---------SSCT  1
what is the rate of tds on frieght  2
What is the difference btwn "Sales" and "Turnvoer".  8
What are the source of gaining long-term funds???? What are the limitations of gaining long-term funds???  1
 
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