Legal and accounting aspects of
the winding-up reorganisation
Legal and accounting aspects of
the winding-up reorganisation
Author(s): Neculina Chebac, Carmen CreţuSubject(s): Economy
Published by: Editura Universitară Danubius
Keywords: company dissolution; accounting law; patrimony assets
Summary/Abstract: Ceasing the existence of any company requires the performing ofcertain operations meant to put an end to firm activity and breaking off of its legalperson status. These operations are directly connected to company’s liquidationprocedures.For the company to perform its debt payment operations, it has to convertits possessions into money. Company liquidation, as a step subsequent to itsdissolution, is governed by certain principles which outline the legal status of thefirm in liquidation.
Journal: Acta Universitatis Danubius. Œconomica
- Issue Year: 1/2005
- Issue No: 1
- Page Range: 55-61
- Page Count: 7
- Language: English