Distinguish between administrator and liquidator

Assignment Help Accounting Basics
Reference no: EM13969511

1. (a) How is the voluntary winding-up of a company brought about?

(b) What decides whether a voluntary winding-up is controlled:

(i) by the members, or

(ii) by the creditors?

2. In relation to corporate insolvency distinguish between an administrator and a liquidator.

Reference no: EM13969511

Questions Cloud

What rule would you be forced to follow : Suppose your company's method of making decisions under risk is making the best out of the worst possible outcome. What rule would you be forced to follow?
Explain shareholder powers : lthough the directors have the general power to manage the company, power to carry out certain functions is given to the shareholders either in general meeting or by written resolution. State and explain these shareholder powers.
What is the goal of a theory : Define what a theory is. What is the goal of a theory? What are the components of a theory? Using one of the theories presented in the textbook, identify two of the components and describe the relationship between them. Note: Do not use the same c..
Identify ethical issues affecting individuals : Identify ethical issues affecting individuals. Analyze the role of leadership in influencing how ethical issues are addressed. Describe some of the ethical and unethical behaviors and perspectives.
Distinguish between administrator and liquidator : In relation to corporate insolvency distinguish between an administrator and a liquidator.
Examine the impact of the media on gender socialization : Examine the impact of the media on gender socialization and stereotypes. In this discussion forum, students are required to provide a reaction or brief summary and analysis of a selected supplementary material (e.g. professional web-site, journal ..
What is the profit that studio expects to make : How many CDs should Top Gun expect to sell at a discount? What is the profit that studio expects to make?
Problem regarding the issue of debentures : As Secretary of Ouse Ltd write a memorandum for the Board explaining the differences between raising finance: (a) by an issue of shares;
Analyze the itil service management guidelines and principle : Describe the software engineering process, the challenges in managing software development activities, and the potential interface issues from the software development perspective.

Reviews

Write a Review

Accounting Basics Questions & Answers

  A company uses a process cost accounting system its sewing

a company uses a process cost accounting system. its sewing departments beginning inventory consisted of 50000 units 14

  Although many governments prepare budgets for both capital

although many governments prepare budgets for both capital projects and debt service funds the gasb does not mandate

  Descriptions of the cost accounting system

Descriptions of how your organization uses the accounting information for financial management improvement recommendations for you.

  Prepare an income statement for the month of december

The adjusted trial balance of Rocky Acre Spread Inc. on December 31, 2012 includes the following accounts: Accumulated Depreciation, $6,000; Depreciation Expense, $2,000; Notes Payable $7,500; Interest Expense $150; Utilities Expense, $300.

  Why is data security important now more than ever

Why is data security important now more than ever? What are some of the steps that we can take to ensure that our database is protected and secure? How can you use user views to enhance security and restrict access?

  Calculate the breakeven bid to outsource component

The following cost card was found in the Inventory ledger for part AAA. Direct Materials $600, 20 hours of Direct Labor at $20 per hour $400, manufacturing overhead is applied at $15 per direct labor hour, one third of the overhead is fixed the re..

  Boyne inc had beginning inventory of 13700 at cost and

boyne inc. had beginning inventory of 13700 at cost and 28700 at retail. net purchases were 147850 at cost and 175000

  Determine the equal deposits

Beginning with January 1, 2011, five equal deposits are to be made in a fund.

  Historically shifts towards a more expansionary monetary

historically shifts towards a more expansionary monetary policy have often been associated with increases in real

  If steelcase had used fifo to value its inventories what

steelcase inc. is the global leader in providing furniture for office environments. the company uses the lifo inventory

  Net cash provided by operating activities

In 2010, Wild Corporation reported a net loss of $70,000. Wild's only net income adjustments were depreciation expense $81,000, and increase in accounts receivable $8,100. Compute Wild's net cash provided (used) by operating activities.

  Susan cabinet shop has total budgeted variable overhead of

susan cabinet shop has total budgeted variable overhead of 220000. actual variable overhead for the period also

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd