what do you understand liquiddator final statement account . when it is prepard how imaginery figures
Answers
Answer:
Liquidator's Final Statement of Account. The statement prepared by the liquidator showing receipts and payments of cash in case of voluntary winding up is called “Liquidators' statement of account” (Form No. 156 Rule 329 of the Companies Act, 1956).
Explanation:
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Liquidator's Final Statement of Account are the statement prepared by the liquidator showing receipts and payments of cash in case of voluntary winding up is called “ Liquidators' statement of account ” (Form No. 156 Rule 329 of the Companies Act, 1956)
Important Note :-
It is the duty of the liquidator to realize the assets and disburse the same among those who have a proper claim. ... For this purpose he is to prepare a statement of account which is known as Liquidator's Final Statement of Account
Purpose of a liquidator :-
- The liquidator has to submit a report along with the audited final accounts to the CRO.
- The liquidator has to submit the statement to the court in the case
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