Question

What is winding up of business? Explain the power of company to borrow on security of property.

Answer 1

Hey mate!

I am here with your answer!

Winding up is the method of ending, or dissolving, a business. The winding up activity includes selling all assets, paying off creditors, and distributing remaining assets to the partners or shareholders.

Hope this will help the!

Answer 2

Explanation:

hey mate ur answer in this attachment... hope this will help you