The List of Liabilities 1. $ for minor surgery ~100 (Ive 2 chalazions n they have been in my eyes since feb.So i nd to "cut" them out) 2. New handphone ~300 (Currently one faulty) 3. Elumen hair color ~400 (thats a big wish. hope will come true) 4. New glasses ~200
And thats all.
Total liabilities incurred= 1000 Total fized n current assets = <1000>
When liability is more than assets, company Karen Han is making a loss. Under company act Section 35(e), business carrying on at loss will be considered as a specific ground for dissolution.
Under insolvency act section 122, winding up by court...