Question

the first item in order of payment to be made by liquidator is ​

Answer 1

Answer:

If a company goes into liquidation, all of its assets are distributed to its creditors. Secured creditors are first in line. Next are unsecured creditors, including employees who are owed money. Stockholders are paid last.

Answer 2

Answer:

Liquidation expenses is the the first item in order of payment to be made by liquidator.

Explanation:

• Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. 
• Liquidation may either be compulsory or voluntary. 
• The term liquidation may also be used to refer to the selling of poor-performing goods at a price lower than the cost to the business, or at a price lower than the business desires.
• Investors may choose to liquidate an investment for a variety of reasons, including needing the cash, wanting to get out of a weak investment.
• In voluntary liquidation, individuals and businesses can be forced to liquidate assets through the bankruptcy process or by one's broker in response to a margin call.