Accountancy, asked by hadikk6453, 8 months ago

What is meant by insolvency account in accounting?

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Answered by EkVillian

hlo mate ✌️

Accounting insolvency refers to a situation where the value of a company's liabilities exceeds the value of its assets. Accounting insolvency looks only at the firm's balance sheet, deeming a company "insolvent on the books" when its net worth appears negative.

Answered by vedantsawant22

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