Question

amounting to 30,000 and assets which eventually realised 31,78,000. The Capital of
the company consists of 10,000 preference Shares of 10 each of which 37 per share
was called and paid up, Out of which the holders of 8,000 preference Shares had,
however, paid up the full 310 in advance of calls. There were also 10,000 equity
Shares of 10 each, on which 9 per share had been called, Out of which the holders
of 2.000 equity shares had, however, paid up 58 per share, while holders of 4,000
equity shares had paid up the full 10 in advance of calls. Remaining Shareholders
have paid 9 per share as called up.
Preference Shareholders have no prior right as to capital Show in the form of
Liquidator's Final Statement of account, how you would divide the available balance
considering 2,000 as liquidator's expenses and that the calls in arrears are duly
received.

Answer 1

Here is ur Answer ⤵️

Accounting valuation assesses a company's assets versus its liabilities for financial-reporting purposes. Accounting valuation is critical to the creation of accurate financial statements.

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