Explain the term Insolvent
Explain the term Insolvent in brief associating to debt?
Expert
Insolvent is a company or person who is unable to reimburse his debt. In simple words, a person or company has not adequate money or asset for paying the entire debt. Assets are less than liabilities are capital. However due to losses, it might possible, company or that person is working on zero capital. At that time, the risk of insolvency might take place when creditors request their money. When company gets loan from exterior by his goodwill in market, then that company can protect from winding up or insolvency. Or else, court declares company as insolvent. The conditions of a sole trader are different. The Sole trader can utilize his personal assets for paying his business loan. When the total of business and personal assets are less than his net liabilities, at that time, he can become insolvent.
Give a brief introduction of the term ‘Budgetary Control’ also writes down its characteristics?
What are the various aspects of Creativity on an individual in the creative industry ?
Explain Multinational corporations (MNCs) and what the economic roles do they play?
On December 31, 20x3, the PPE Company purchased an asset costing $1,000,000. The asset’s useful life is expected to be 10 years with a residual value of $300,000. a. Calculate the depreciation expense for 20x4 using:
Describe the History of Holding Period in brief?
Describe how discount and premium are evaluated whenever the assets are priced-to-market. When would law of one price prevail within the international capital markets in case foreign equity ownership restrictions are imposed?
Why are Liabilities are so important? Write some of its Significance in Accounting?
Explain the term Contingent Liabilities?
What is Wasting Assets. State briefly in terms of Accountancy?
You are an investment banker who is advising a Euro bank about the new international bond offer it is considering. Proceeds are to be used to fund Eurodollar loans to the bank clients. Specify the type of bond instrument you would recommend that bank shoul
18,76,764
1930796 Asked
3,689
Active Tutors
1449059
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!