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What is policy of liquidation?

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What is policy of liquidation?

Posted by Aayush Kumar 6 years, 4 months ago

CBSE > Class 12 > Business Studies

1 answers

Sia ? 6 years, 4 months ago

Liquidation is the process of winding up of a firm by selling off companies inventory and its free assets to convert them into cash to pay firms unsecured creditors or anyone the company owes money to.Once all the assets are sold the business is shut down.

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