A quasi-reorganization is an accounting procedure equivalent to an accounting fresh start.

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A quasi-reorganization is an accounting procedure that allows a company to reorganize its financial statements as if it had just started a new business. It helps to remove old liabilities, write off accumulated losses, and restructure the company's financial statements. It is equivalent to a fresh start accounting, which allows a company to start over with a clean slate.

A Quasi-Reorganization Is an Accounting Procedure Equivalent to an Accounting