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What is the significance of the statement of affairs submitted by the company during winding up?
  • a)
    It outlines the personal details of the company's directors
  • b)
    It provides a summary of the company's annual financial statements
  • c)
    It details the company's assets, liabilities, creditors, and debtors
  • d)
    It lists the names of the shareholders and their shareholdings
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the significance of the statement of affairs submitted by the ...
The statement of affairs submitted by the company during winding up outlines the company's assets, liabilities, creditors, debtors, and other relevant financial information. This helps in assessing the company's financial position during the winding up process.
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What is the significance of the statement of affairs submitted by the company during winding up?a)It outlines the personal details of the company's directorsb)It provides a summary of the company's annual financial statementsc)It details the company's assets, liabilities, creditors, and debtorsd)It lists the names of the shareholders and their shareholdingsCorrect answer is option 'C'. Can you explain this answer?
Question Description
What is the significance of the statement of affairs submitted by the company during winding up?a)It outlines the personal details of the company's directorsb)It provides a summary of the company's annual financial statementsc)It details the company's assets, liabilities, creditors, and debtorsd)It lists the names of the shareholders and their shareholdingsCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the significance of the statement of affairs submitted by the company during winding up?a)It outlines the personal details of the company's directorsb)It provides a summary of the company's annual financial statementsc)It details the company's assets, liabilities, creditors, and debtorsd)It lists the names of the shareholders and their shareholdingsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the statement of affairs submitted by the company during winding up?a)It outlines the personal details of the company's directorsb)It provides a summary of the company's annual financial statementsc)It details the company's assets, liabilities, creditors, and debtorsd)It lists the names of the shareholders and their shareholdingsCorrect answer is option 'C'. Can you explain this answer?.
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