Is assets and capital verification bankrupt?

Is asset liquidation bankruptcy? No. Asset verification refers to checking assets and approving funds. Its main purpose is to supervise and manage the state-owned assets of existing enterprises that need to be liquidated, truly show the assets and financial related conditions of enterprises, and provide real and effective basis for improving the basic management of enterprises, making scientific evaluation and standardized assessment of enterprises, and maintaining and increasing assets.

Six processes of asset verification

1. Finance: comprehensively check and clean up the bank accounts, bookkeeping accounts, all kinds of cash and securities of the enterprise;

2. Asset inventory: verify, inventory and clean up enterprise assets;

3. Value revaluation: if the book value and actual value are relatively large, reassess;

4. Identification of profit and loss: to authenticate the asset profit and loss and capital suspense declared by the enterprise;

5. Assets verification: according to the profit and loss results of asset inventory, the actual amount of state-owned capital occupied by enterprises is re-approved;

6. Improve the system: improve the enterprise-related financial accounting system.

Legal basis:

Article 183 of the Company Law of People's Republic of China (PRC) If a company is dissolved in accordance with the provisions of Items (1), (2), (4) and (5) of Article 180 of this Law, it shall set up a liquidation group within 15 days from the date when the reasons for dissolution appear and start liquidation. The liquidation group of a limited liability company is composed of shareholders, and the liquidation group of a joint stock limited company is composed of directors or personnel determined by the shareholders' meeting. If a liquidation group is not established for liquidation within the time limit, the creditor may apply to the people's court to appoint relevant personnel to form a liquidation group for liquidation. The people's court shall accept the application and promptly organize a liquidation group to carry out liquidation.

Article 184 of the Company Law of People's Republic of China (PRC) The liquidation group shall exercise the following functions and powers during the liquidation period:

(1) Clean up the company's assets and prepare a balance sheet and a list of assets respectively;

(2) Notify and announce creditors.

(3) Handling the unfinished business of the company related to liquidation;

(4) Paying taxes owed and taxes generated during the liquidation.