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    Question

    What does liquidation

    mean?
    A Process of winding up Correct Answer Incorrect Answer
    B To bring business to an end Correct Answer Incorrect Answer
    C Court declaration of inability to pay debts Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E All a b & c Correct Answer Incorrect Answer

    Solution

    The process of bringing a business to an end and distributing its assets to the creditors and thus, settling of claims.

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