Question

prepare liquidators statement
pref. crs. 10000
unsecured crs 150000
15%debentures 200000
12% pref.sharecapital 300000
liquidation exp 2000
secured crs (securities realized 120000) 160000
equity share capital 400000
liquidator is entitled to a remuneration @ 2% of all assets realised including assets held as security and 3%of amt paid to unsecuredbcrs including pref crs sundry assets realized 480000.​

Answer 1

Answer:

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