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ACC701-Reasons For Liquidation-ABC Learning  

Pages : 9 | Type : Essay

Answer: Introduction Liquidation refers to the process of selling up the unpledged assets of the firm or company, so that the claimants or the creditors can be repaid what is owed to them. In simpler terms, liquidation is basically putting the business to an end, when the company is unable to meet its payments as and when they fall due. It can be voluntary or compulsory depending on the events that lead to the liquidation (Alexander, 201...

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Written By : Thomas Gardner     Posted On : Mar 04, 2020     Download : 0

ACC701 Accounting Financial  

Pages : 9 | Type : Essay

Answer: Introduction The present report is developed for undertaking analysis of some well-renowned companies that have undergone liquidations as they were not able to meet their liabilities as they become due. This means that a company would have to sell its assets in order to meet its obligations and this can result in marking the end of a company. As such, liquidation can be described as a situation that a company faces when it becomes ins...

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Written By : Mark     Posted On : Apr 09, 2020     Download : 1

More Courses from King's Own Institute

ACC701-Analysing Major Ethical Issues Of Sunshine Limited  

Pages : 9 | Type : Essay

Answer: Introduction The provided information is on the company named Sunshine Ltd and  the general manager of the company Kam Sunshine went to the accountant, Maria Mars for reduction in profit. The major motive of Kam is to do some modification in the upcoming profit of the company. This aspect has created an ethical dilemma on Maria Mars due to her concern for the renewal of her contract with the company. This has led to Maria to chan...

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Written By : Mark     Posted On : Jun 08, 2020     Download : 0

ACC701 Financial Accounting  

Pages : 10 | Type : Essay

Answer: Introduction Monetary management is the priority of any company operating for profit purpose. Financials lead to both the up rise and downfall of the firm. It can be stated that due to the use of effective management system companies manage their financial in order to ensure that there are no financial failures that cause problems in the operations activities of the firm. Although there are some instance when the liabilities of a comp...

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Written By : Mark     Posted On : Dec 30, 2020     Download : 0

ACC701 Financial Accounting  

Pages : 8 | Type : Essay

Answers: Introduction Liquidation is a process by which the company brought to an end. Usually the liquidation occurs when a company becomes insolvent. Insolvency refers to the situation, when the company cannot pay its obligation and also unable to meet its day to day requirements. At the end of the company’s operations, the distribution of assets made among the interested parties on the basis of the priority of their claims. This is a...

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Written By : Mark     Posted On : Jan 01, 2021     Download : 0

ACC701 Financial Accounting  

Pages : 9 | Type : Essay

Answer: Introduction: An organization is faced with the liquidation when it is unable to make payments of its liabilities or any obligations within specified period of time. There are several reasons associated with the company being insolvent and highly leveraged organizations are prone to become liquid. Financial health of companies is adversely impacted by continuous increase in amount of debt and thereby resulting in their liquidation. It...

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Written By : Mark     Posted On : Jan 04, 2021     Download : 0

ACC701 Financial Accounting  

Pages : 9 | Type : Essay

Answer: Introduction  The liquidation could be described as process of ending up of the company or eliminating the name of the company from its existence. This process distributes all of the assets and liabilities of the company to its stakeholders in their required proportionate basis deals with the liquidation and winding up. This deals with the debacle of the existence of company from the real world which arise due to its failure to p...

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Written By : Mark     Posted On : Feb 08, 2021     Download : 0

ACC701 Financial Accounting  

Pages : 10 | Type : Essay

Answer: Introduction The winding up of the companies can also be considered as the liquidation process. In this process of liquidation or winding up, the companies are required to face different steps or procedures for close down the business operations on a permanent manner. In this process, the liquidator, responsible for conducting the liquidation process, has the responsibility for the identification of the liabilities and rights of the b...

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Written By : Mark     Posted On : Feb 25, 2021     Download : 0

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