Dissolution is same for partnership as liquidation for company and both are separate and no one come before or after each other.
liquidation of partnership is when partnership is broken due to the insuficient fund problem a partnership may encounter, while dissolution of partnership is when partnership is resolved according to the decision taken by the partners
Basic accounting equation = assets = liabilities + capitalit is so because capital as well as other liabilities have to be paid by the business at the dissolution time of business and at dissolution time or liquidation time business must have assets equal to liabilities plus owner's equity to pay all liabilities of business without going insolvent otherwise business will become insolvant and somebody will not get all it's liabilities completely cleared at the time of liquidation of business.
Debt is a liability for business as it is taken from third parties for running business and refundable to third parties on the event of liquidation or maturity date whichever come first.
liquidation
Liquidation Channel was created in 2008.
Divestiture is silent. Liquidation is public.
creditors
In the UK there are 3 types of liquidation; 1. Compulsory liquidation where the company is wound up by the court, usually at the instigation of a creditor. 2. Creditors voluntary liquidation (CVL) when a company is insolvent, this process is instigated by the directors of the company. 3. Members voluntary liquidation (MVL) is a solvent liquidation, basically all creditors are paid in full and there is a return to shareholders.
Motors Liquidation Company was created in 1908.
i want some examples of liquidation expenses ....
She prepared herself for the complete liquidation of the contents of her stuffed locker.
Laymen Life Insurance Company, based in Anderson, Indiana, faced financial difficulties leading to its liquidation in the early 2000s. The company struggled with undercapitalization and regulatory compliance issues, ultimately resulting in its closure. The Indiana Department of Insurance took steps to protect policyholders and manage the company's dissolution, ensuring claims were processed as part of the liquidation process.