Question

what is liquidation of company accounts ​

Answer 1

the amount of cash in hand of a company is called liquidation

Answer 2

In most cases, a liquidation sale is a precursor to a business closing. Once all the assets have been sold, the business is shut down. In the accounting world,liquidation refers to the process of selling all of a company's assets to generate cash to pay off creditors, or anyone thecompany owes money to.
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