193
Financial Accounting (Sem-VI)
3. Liquidation of Companies
went into voluntary liquide
Liabilities
(8)
As 10 each
Shares of Rs. 10 each
April - 2019
any liquidation on 1st January 2018, when their Balance Sheet was as follows:
Assets
Plant and Machinery
7,00.000
5,00.000 Stock
3,25,000
5,00,000 Debtors
3,00,000
1,25,000 Cash
5.000
2,62,500 Profit and Loss Alc!
57,500
Total 13,87,500
Total 13,87,500
for realized the assets as follows:
- 5,00,000
-32,00,000 125
-2.50,000
penses of liquidation amounted to 19,750 and the liquidator's remuneration was agreed at 2% on amount of
Sabo yoo
stand Machinery
Stock
Debtors
ance Dividend was in arrears for one year and Debenture holder's claim was paid on 30th June 2018.
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