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Difference between strike off and liquidation of company

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Hi all, I understand there is difference of rules and regulations governing Strike off and liquidation of Companies. But what are the accounting treatment in it. In strike off do we need to repay all our liabilities and sell off assets if yes then the same applies for winding up as well rite.

Please clarify if my understanding is correct or not.

Replies (2)

strike off means removal of  name from registrar of companies since it has become defunct

liquidation is the process by which assets are realised and liablilities are settled

winding up is putting an end  to the legal charter  for which liquidation is the process 

so in case of strike off what will happen off amount representing as liabilities and assets will they not be distributed?


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