Question

The capital of Kusum Ltd. was as follows: (a) 3,000 A Equity shares of 100 each, 85 per share paid-up. (b) 1,000 B Equity shares of 100 each, 80 per share paid-up. (c) 1,000 preference shares of 100 each, fully paid (these shares under the Articles of Association have preference as to capital). The various creditors amounted to 76,500 including the Liquidator's remuneration of 2,500, The A-621-622 PTO liquidator made a call of the remaining 20 per shares on the B Equity shares which was paid in full. Assets realized 1,91,000. A call of 15 per share on partly-paid A Equity shares was made. This was paid in full with the exception of 100 shares. Prepare Liquidator's Final Statement of Account.​

Answer 1

Explanation:

liquidators Final statement of account ..

here the solution