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The Meaning of Liquidation

In accounting, the meaning of liquidation is the process of selling off all the company’s assets to generate cash. These funds will be used for paying creditors and other debts. Liquidation is often a possible outcome of bankruptcy, but there are other situations as well. Sometimes, a business can liquidate [...]

2021-03-31T22:32:00+08:00March 28th, 2021|Liquidation|0 Comments