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Ask the Tutor ACCA LW

Statement of affairs

UU3y ago
Statement of affairs is needed in compulsory liquidation, what about voluntary (both members and cred)?
MikeLittleMikeLittleTutor3y ago#1
It is required in both members' voluntary liquidation and creditors' voluntary liquidation. In a members' voluntary liquidation, the directors must produce a statement of affairs made up to a date no later than 5 weeks before the meeting of members. In a creditors' voluntary liquidation, the statement of affairs is made available to the creditors at the meeting. OK?
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