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The Statement of Realization and Liquidation serves to provide a detailed account of the assets and liabilities of a company during the process of liquidation. It outlines the actual realization of assets and the settlement of liabilities, helping stakeholders understand the financial outcome of the liquidation process. This statement is crucial for ensuring transparency and accountability, as it summarizes how the company's resources are managed and distributed among creditors and stakeholders. Ultimately, it assists in determining any remaining value for shareholders after all debts have been settled.
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What is difference between revaluation account and realization account?
Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.
What is the purpose of a projected income statement?
Purpose of projected income statement to foresee the future of company based on certain assumptions during the planning stage.
What is the purpose of a statement of account?
The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!
What is the purpose of statement of account?
The purpose of a checking account statement, or any type of account statement for that matter, is to keep track of your account and make sure that no fraudulent activity is happening without your knowledge. Better to be safe than sorry!
What is the purpose of periodic performance reports in real estate?
Explain the purpose of a periodic performance report (two benefits)
What is the purpose of the statement of purpose, and should it be single or double spaced?
The purpose of a statement of purpose is to explain your goals, experiences, and reasons for applying to a particular program or institution. It should be single spaced.
What is the purpose of a disclosure statement in the life insurance policies?
To explain features & benefits of a proposed policy to the consumer
How to write a purpose statement for an essay?
To write a purpose statement for an essay, clearly state the main goal or objective of your writing. This statement should explain the reason for your essay and what you hope to achieve or communicate to your audience. It should be concise and specific, guiding the reader on what to expect from your essay.
What does preamble mean?
1. A preliminary statement, especially the introduction to a formal document that serves to explain its purpose. Source: Answers.com
Sample statement of purpose to join hotel industry?
can i know about statement of purpose?
What is the main purpose of the thesis statement?
The main purpose of the thesis statement is to present the main idea or argument of the paper and guide the reader on what to expect in the rest of the content. It serves as a roadmap for the paper, outlining the central point that will be discussed and supported throughout the writing.
What is the ideal length for a statement of purpose?
The ideal length for a statement of purpose is typically 500 to 1,000 words.
What is a statement of intent and how is it different from a graduate student's statement of purpose?
Hi... Both of them are the same. The term statement of purpose is little old. The trend today is statement of intent. Regards
What is difference between revaluation account and realization account?
Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.
Explain the Principal value of mission and vision statement?
Many organizations develop both a mission statement and a vision statement. Whereas the mission statement answers the question, "What is our business?" the vision statement answers the question, "What do we want to become?" Both the vision statement and the mission statement ensure unanimity of purpose within the organization and make important statements about "who the firm is" and "what it wants to become" to outside stakeholders.
What is the purpose of using the statement of purpose font size in a document?
The purpose of using a specific font size for the statement of purpose in a document is to make it stand out and be easily readable for the reader.
The constitution's opening statement which explains its purpose is known as the?
The Preamble is the Constitution's opening statement and it explains it's purpose.
