Accountancy, asked by vijayk96, 1 year ago

Stetment of affairs inesolvency accont

Answers

Answered by Dhaval1234
1
Important Points in Preparation ofStatement of Affairs. In case of an individual insolvent, no distinction will be made between the private assets and the business assets while preparing a Statement of Affairs. Personal assets are included in theStatement of Affairs to pay the business liabilities.
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