01 Apr
Liquidation, generally, refers to the process of selling off a company’s assets in order to generate revenue. In most cases, the company’s inventory is sold at a large discount in order to maximize the chances that they sell all of their inventory and get the most money possible. More often than not, a company that is going through the liquidation process will close once all of its assets have been sold off. As for the accounting domain, liquidation will involve the selling of a business’s assets in order to pay off the company’s creditors before terminating its operations for good. Here, we will focus primarily…
