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of <h1>LLP Winding Up: Form 87C Required for General Ledger to Track Transactions and Ensure Financial Accountability</h1> The Limited Liability Partnership (Winding up and Dissolution) Rules, 2010, specify the use of Form No. 87C for maintaining a General Ledger during the liquidation of an LLP. This form requires details such as the LLP's name, LLPIN, and specific account heads determined by the Liquidator, including property, investments, and debts. The form tracks transactions with columns for date, particulars, debits, credits, and balance. Each LLP under liquidation must have a separate General Ledger to ensure accurate financial tracking and accountability during the winding-up process.
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