Liquidation Accounting

Company Liquidation is a legal procedure that pertains to partnerships or companies wherein a liquidator is chosen to “wind up” the dealings of a business. When the company first form a Limited Company, they have good intentions however sometimes it doesn’t always work out the way they had planned. In certain situations, it is best to liquidate the company, and at the end of the process, the company no longer exists. The reason for liquidation is to make sure that all the affairs of the company have been treated and all its properties realized.