Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

A company may become insolvent if it

A has negative working capital
B cannot meet its budgeted level of profit
C makes a loss
D cannot pay creditors in full after realisation of its assets

Answer & Explanation

Answer: cannot pay creditors in full after realisation of its assets

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