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What is the purpose of the Liquidator's Final Statement of Account?
  • a)
    To provide an overview of the company's financial performance in its last year of operation.
  • b)
    To showcase the liquidator's qualifications and achievements during the winding up process.
  • c)
    To list all the shareholders and their contributions to the company.
  • d)
    To document the liquidator's activities, including asset realization and debt payments, for the winding up process.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What is the purpose of the Liquidator's Final Statement of Account?a)T...
The Liquidator's Final Statement of Account serves as a documentation of the liquidator's activities during the winding up process, including the realization of assets, payments to creditors, and distribution of funds among stakeholders.
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What is the purpose of the Liquidator's Final Statement of Account?a)To provide an overview of the company's financial performance in its last year of operation.b)To showcase the liquidator's qualifications and achievements during the winding up process.c)To list all the shareholders and their contributions to the company.d)To document the liquidator's activities, including asset realization and debt payments, for the winding up process.Correct answer is option 'D'. Can you explain this answer? for B Com 2025 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 purpose of the Liquidator's Final Statement of Account?a)To provide an overview of the company's financial performance in its last year of operation.b)To showcase the liquidator's qualifications and achievements during the winding up process.c)To list all the shareholders and their contributions to the company.d)To document the liquidator's activities, including asset realization and debt payments, for the winding up process.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of the Liquidator's Final Statement of Account?a)To provide an overview of the company's financial performance in its last year of operation.b)To showcase the liquidator's qualifications and achievements during the winding up process.c)To list all the shareholders and their contributions to the company.d)To document the liquidator's activities, including asset realization and debt payments, for the winding up process.Correct answer is option 'D'. Can you explain this answer?.
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