Business Studies, asked by rdarji1977, 7 months ago

8. What is Insolvency​

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Answered by nikhatshaikh2026
0

Answer:

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Answered by ruwaydhakhan
1

Answer:

Insolvency is the state of being unable to pay the debts, by a person or company, at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency

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