The following particulars relates to a limited
company which went into voluntary
liquidation.
Rs.
Preferential creditors 25,000
Unsecured creditors 58,000
6% Debentures 30,000
The assets realized Rs. 80,000. The expenses
of liquidation amounted to Rs. 1,500 and the
liquidator's remuneration was agreed at
2½% on the amount realized and 2% on the
amount paid to unsecured creditors
including preferential creditors.
Show the liquidator's final statement of
account.
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