Before the start of the liquidation process,the books are adjusted and closed.

Name: Before the start of the liquidation process,the books are adjusted and closed.
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Quizplus · Accepted Answer

The books are adjusted and closed before the start of the liquidation process. This is because the liquidation process involves selling off assets and paying off debts, and the accounting needs to be up-to-date before this can happen. Therefore, it is true that the books are adjusted and closed before liquidation begins.

Before the Start of the Liquidation Process,the Books Are Adjusted