Question

Statement of affairs consist of *​

Answer 1

Answer:

The Statement of Affair is a summary of a company's assets and liabilities. It states the net book value and amount expected to realize at the date of insolvency of the business. The company would usually hire a liquidator or bankruptcy expert to prepare this document.

Explanation:

please follow

Answer 2

$hii \: dear$

The Statement of Affair is a summary of a company's assets and liabilities. It states the net book value and amount expected to realize at the date of insolvency of the business. The company would usually hire a liquidator or bankruptcy expert to prepare this document.