Interested to Buy Any Domain ? << Click Here >> for more details...
What will be the position of the owener of the company?If
the company liablites are more than company assets .
a. solvent
b. insolvent
c. profitable
d. liquidity
- 20 Answers
- 25083 Views
- AIG, Deloitte, IBM, Infosys, LIC, Progressive, SVPL, TCS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / phani
insolvent
not in a position to pay back its liabilities as assets
are short of liabilities .
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / sowmya.k
insolvent. as his assets r less, if ever he goes for
liqidation he cant pay of his liabilites. so he is
insolvent.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / manoharnsr
Since the question is about the insolvancy of the company
it should not impact the solvancy of its owners. However,
in the case of a sole proprietor or a partnership firm the
status of teh organisation and the owners are the same but
in case of companies the owners (equity holders) are not
affected. The liability of the owners is limited to the
extent of their in the company. in certaiin cases directors
can be made directly resposible and liable but that is not
relevant to this question.
Those guys who chose one of the options in the question, i
guess , should also explain why they think so.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / khushboo bansal
The question can be answered based on the liability of the
company.if the company has limited liability thn the owner
is not liable or responsible and therefore he is solvent.
but,in case the companies liability is unlimited the owner
will b liable to pay back all the liabilities n will end up
being insolvent.
the company can neither be in a profitable position as
their liabilities are more than the assets nor will it be
in a liquidity position as they are running short of cash.
| Is This Answer Correct ? | 3 Yes | 0 No |
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
what is the meaning of invoice why company using this ?
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
what is calls-in-arrears?
Define capital
what is meant by qurum
which are coming under direct exp
Please do tell me about the questions which are asked at BACS FINAL ROUND.
0 Answers BA Continnum Solutions, Bank Of America,
Expand C P I
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
What is the content of purchase order? n content of voucher? what is the main use of voucher.
0 Answers CPF, GE, Sayaji Packaging,
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
Audit 
