ACCA - Liquidation QUIZ

.............. is when a company decides to dissolve itself on its own terms, as approved by the shareholders of the company

• Voluntary liquidation

• Voluntary winding up

• None of the above

After selling the assets of the company the surplus cash is paid to :

• debenture holder

• Employee

• Creditors

• All of the above

The person appoints to sell all the assets of the company and realized the excess to settle the companies dues is known as :

• Liquidator

• Director

• Executive director

• None of the above

Liquidator can be appointed by the following :

• Company's Director

• NCLT

• Central government

• All of the above

In a company while liquidation, made a list of contributors and creditors. The list is prepared by :

• Shareholder of the company

• Board of director

• MD of the company

• None of the above