AIS.
Cur
II.
Hint : 2% remuneration will be calculated on both Pret. Urs. & Aul. payabil
4. A company went into voluntary liquidation. * 3,50,000 were received from its assets. It does not
include that amount which is received by selling those securities which are with fully secured
creditors. Following was the position:
Share capital: 1,000 shares of 100 each
Fully secured creditors (* 40,000 were received on securities)
Preferential Creditors
(Unsecured Creditors
Debentures having a floating charge on the assets of the company
Liquidation Expenses
Remuneration of Liquidator
Prepare the Final Statement of Account of Liquidator
of Liquidator's Final Statement of Account 3,55,000; Unsecured Crs. will get *86,500.
The capital of the company consisted of 200
35,000
6,000
1,40,000
2,50,000
5,000
7,500
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