Question

29. "A liquidator is entitled to receive
remuneration at 2% on the assets
realized, 3% on the amount
distributed to Preferential Creditors
and 3% on the payment made to
Unsecured Creditors. The assets were
realized for '45,00,000 against
which payment was made as follows:
Liquidation Expenses
50,000 Secured Creditors
15,00,000Preferential Creditors
1,25,000 The amount due to
Unsecured Creditors was · 15,00,000.
11
O 1,30,000
O '1,45,000
O '1,38,750
O 1,25,000​

Answer 1

Answer:

Explanation:

O '1,45,000