Question

termination of the legal existence of a company is called​

Answer 1

Mate....

Termination of the entity occurs when the entity ceases to legally exist. The phrase “winding up of the affairs” generally means the payment of all debts, liabilities, and obligations of the entity, and the liquidation and/or distribution of any remaining assets of the entity to the owners of the entity.

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Answer 2

Explanation:

termination of the entity occurs when the entity ceases to legally exists. the pharse "winding up of the affairs" generally means that payment of all debts , liabilities and obligations of the entity and the liquidation and or distribution of many remaining assets o the entity to the owners entity

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