total collection of money = 14,00,000,
liquidation expences 28,000, 8% debenture rs 2,00,000,fully secured
creditors =3,00,000,preferential creditors = 75,000, unsecured creditors= 8,12,000 equity shares= 2,50,000 which is the amount distributed to equity shareholders
Answer
A. O a) 2,50,000
B. O b) 15000
c. O c) 1,50,000
D. d) 2,00,000
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Answer:
B
Explanation:
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The Ultra Optimist Ltd. went into liquidation. Its assets realised Rs 3, 50,000 excluding amount realised by sale of securities held by the secured creditors.
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