The debt had increased to 30000 at the date of winding-up


Indicate to what extent the foregoing events should affect the accounts if a company owing $20000 to a creditor at the date the financial statements went into liquidation and available information suggests that there is a little prospect of a dividend for unsecured creditors. The debt had increased to $30000 at the date of winding-up order

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Accounting Basics: The debt had increased to 30000 at the date of winding-up
Reference No:- TGS02609429

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