Accountancy, asked by dnyaneshwargarad, 4 months ago

the job of realizing assets and paying liabilities is performed by a person

Answers

Answered by rakshithardgamer
10

Answer:

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Explanation:

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Answered by qwwestham
0

The job of realizing assets and paying liabilities is done by a liquidator.

  • A liquidator is an entity that liquidates the assets of a company and sells them in the open cash market or its equivalent.
  • He is usually legally entrusted by the company to act on his behalf.
  • The assets are liquidated usually when a firm is winding up its business.
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