Question

Multiple Choice Questions with Single


available amount for unsecured creditors Rs. 5,00,000 and unsecured creditors Rs. 4,50,000 calculate liquidators remuneration 10% on the payment of unsecured creditors Answer
A. 35000
B.O 50000
C.O 45000
D none of the showe​

Answer 1

a b c d a rjrhrhhrhrdhhudhrhhddhdhdhhddh

Answer 2

Given:

Available amount for unsecured creditors = 5,00,000

Unsecured creditors = 4,50,000

liquidators remuneration = 10 % on the payment of unsecured creditors

To find:

When sufficient balance are available for paid to unsecured creditors completely then liquidators remuneration on payment of unsecured creditors will be calculated by using below formula:

$liquidator \: remuneration = \frac{amt \: payable \: to \: creditors \times \% \: of \: commission}{100}$

So,

liquidators remuneration = 4,50,000 ×10/100 =45,000

Solution:

Liquidators remuneration is rupees 45,000

(option C)