Accountancy, asked by pranavyadav896, 3 months ago

3. Who is called as Insolvent Person .​

Answers

Answered by Nareshkokkula1272004
0

Answer:

Insolvent person is the term used for a person who is no longer able to pay his debentures or bills. ... A person is technically said to become insolvent when all his liabilities exceed all his assets.

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