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Liquidation is the process of bringing a business to an end and distributing its assets to claimants, which occurs when a company becomes insolvent.
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Liquidation is the process in accounting by which a company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved, although... Wikipedia
Liquidation is the process in accounting by which a company is brought to an end. The assets and property of the business are redistributed.
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