Question

Q 24 Statement of Affairs is related to ___;

Ops: A. a) Partnership

B.
Ob) Company A/c

C.
c) Single Entry

D.
d) Sole trading​

Answer 1

Answer:

company

Explanation:

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Answer 2

Statement of Affairs is related to Company A/c.

Explanation:

• A statement of affairs is a detailed documentation of a company's assets and liabilities.

• The statement of affairs account is maintained by the professionals or the liquidator in the company.

• It is considered an important document for corporate insolvencies.

• The important information to be included in the statement of affairs is,

• List of the assets and liabilities of the company.

• List of creditor's names, addresses, and outstanding balances.

• Details of any security granted and the date it was granted.

• The value of any security granted.