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Define and Give an Example of the Two Main Kinds

question 105

Essay

Define and give an example of the two main kinds of organizational justice.


Definitions:

Liquidator's Remuneration

The compensation paid to a liquidator for their services in administrating the process of winding up a company's affairs and distributing its assets.

Liquidation Account

An account created to collect transactions and balances during the process of liquidating or winding up a company.

Liquidator's Distribution

The process of distributing assets held by a company under liquidation to its creditors and shareholders.

Shareholders' Distribution

The allocation of earnings declared by a corporation to its shareholders, usually in the form of dividends.

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