Question

__________ is a state in which a company’s liabilities

Q: Answer-__________ is a state in which a company’s liabilities are more than its assets so that is unable to...

Insolvency is a state in which a companys liabilities are more than its assets so that is unable to repay its debts. Bankruptcy is when a person is legally declared by a competent court as incapable of paying its debtsdues.

are more than its assets so that is unable to repay its debts

A Bankruptcy

B Insolvency

C Liquidation

D Either of the above

E Both (a) & (b)

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__________ is a state in which a company’s liabilities

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