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    Company Accounting
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    Exam 14: External Administration Reports and Accounts
  5. Question
    When a Company Is Liquidated, in Closing the Company's Ledgers
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When a Company Is Liquidated, in Closing the Company's Ledgers

Question 5

Question 5

True/False

When a company is liquidated, in closing the company's ledgers there is always a debit to the retained profits account.

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