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insolvency account Related: Profit And Loss Accounts - Principles of ...
Accounting insolvency refers to a situation where the value of a company's liabilities exceeds the value of its assets. Accounting insolvency looks only at the firm's balance sheet, deeming a company "insolvent on the books" when its net worth appears negative.
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insolvency account Related: Profit And Loss Accounts - Principles of Accounting, Accountancy and Financial Management
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