What is meant by the word Liquidation. Give examples

Answer Posted / abhishek a.k.a rudepunkmicro

liquidation occurs where an organization has debts out of control. This organization is normally placed into liquidity. its assets are sold under the supervision of court and debtors are paid a proportion of what the owed.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1597


Expand ----------GIDB

1617


What is the Formula For Return on Working Capital

1719


Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

1964


hi.this krishan .i m slect in axis bank for executive. when i sposse to join

1924






Expand--------SRTA

1514


what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

1549


CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION

1534


can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com

1630


why do we charge the depreciation

956


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

1539


wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

1583


What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.

1831


What Are The Characteristics Of Modern Accounting?

4229


sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method

1900