Question

Statemant of affairs is prepared to find out​

Answer 1

Answer:

The Statement of Affair is a summary of a Comapny's assets and liabilities. It states the net book value and amount expected to realise at the date of Insolvency of the business. Accompanying the balance sheet is a list of creditors and shareholders

Answer 2

Answer:

A Statement of Affairs is a document detailing a company's assets and liabilities. Generally prepared by a liquidator or appointed professional during certain insolvency proceedings, the document is later registered at Companies House, where it becomes available for public view.