Accountancy, asked by kumudpandey, 8 months ago

what is meant but insolvent

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Answered by ItzVash003

Answer:

Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent. ... Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts.

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