Author: indiafreenotes

But if the company desires to continue with the same set of books, the following accounting treatment should be suggested…

Accounting Treatment in the Books of Transferor/Vendor Company: So far as the books of the transferor company are concerned, the…

Amalgamation, as the name itself suggest, is a form of external reconstruction, in which there is a combination of two…

Liquidation is the process in accounting by which a company is brought to an end in India, Canada, United Kingdom,…

The person appointed for conducting the liquidation proceedings of the company is called ‘Liquidator’. (In case of Voluntary winding up…

The liquidator normally gets the remuneration in the form of commission which is usually based as a percentage on the…

According to Sec. 454, within 21 days of the date of the winding-up order to the appointment of the official…

The liquidator is required to prepare an account of winding up known as Liquidator’s Final Statement of Account after the…