The financial encyclopedia uses cookies to improve your user experience. Find out more here!



 

 


 

Liquidator's accounts
 

 

The liquidator of a company must keep accounts in a form prescribed by the Department of Trade and Industry. A private copy is then sent to all creditors and contributories. If the liquidator carries on the business he must keep a separate trading account to be verified by affidavit at least once a month and submitted to the committee of inspection.

Reference: The Penguin Business Dictionary , 3rd edt.