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What is meant by the word Liquidation. Give examples
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Answer / satyaki_raju@yahoo.com
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 ? | 16 Yes | 2 No |
Answer / peter abubakari
liquidation is a process of selling off a companys asset to
pay its debt when it goes bankrupt.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / 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 |
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