Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Insolvency » journal entry for insolvency?

journal entry for insolvency?

Mr.XYZ became insolvent and 50ps in a rupee has received as dividend i.e for total Rs.12000

RELATED POSTS:

  1. how to claim insolvency(sp?) on a 1099-C – Cancellation of Debt? According to my debt settlement company, we may not have to pay taxes on a 1099-C we received if the...

  2. Using Insolvency to Your Advantage When it comes to dealing with the IRS and your settled debts, being broke can actually work to your advantage....

  3. How do I determine the extent of my possible insolvency? After settling with several creditors for > $50,000.00 I am attempting to determine my possible insolvency status at the time...

  4. what is insolvency? from irs.gov site as below link states people going through foreclosure (or shortsale, both?) may not be charged with 1099c....

  5. Insolvency In Ireland – What is Insolvency? www.insolvencyinireland.ie. Your company is considered to be insolvent when your income is less than your outgoings. Your creditors are...

Written by

Filed under: Insolvency · Tags: , ,

2 Responses to "journal entry for insolvency?"

  1. KlemKiddleHopper says:
    Insolvency is a financial state of a business after all journal entries have been made

    This is not a type of journal entry – it is the income status after the closing journal
    entries are made and your cash account is less than zero

  2. Wow! In the end I got a web site from where I be capable of in
    fact take valuable facts concerning my study and knowledge.

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player