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Liquidator's Remuneration
Compensation paid to a liquidator for carrying out the process of winding up a company, including selling off assets, paying creditors, and distributing any remaining funds to shareholders.
Journal Entries
Records of financial transactions in the accounts of a business, providing a chronological order of all debits and credits.
Liquidation
The process of winding up a company's financial affairs by selling its assets to pay off its debts, eventually leading to the dissolution of the company.
Liquidator's Receipts
The proceeds collected by a liquidator during the process of winding up a company, distributed to claimants and creditors according to statutory priorities.
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