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Acompany went into voluntary liquidation.rs .350000 were received from its assets. it does not include that amt which is received by selling those securities which l. are with fully securedcreditors.following was the position share capital.1000 shares of rs.100each fully secured creditors (rs.40000 were received on securities) 35000 prefential creditors 6000 unsecured creditors 140000 debenturehave floating chargeothe assets of the company 2, 50000 liquidation expenses 5000 remuneration of liquidator 7500 prepare final statement of account of liquidator
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Acompany went into voluntary liquidation.rs .350000 were received fro...
Final Statement of Account of Liquidator

Assets
- Amount received from assets: Rs. 350,000
- Amount received from selling securities of fully secured creditors: Not included

Liabilities
- Share capital: Rs. 100,000
- Fully secured creditors: Rs. 40,000 (received on securities)
- Preferential creditors: Rs. 35,000
- Unsecured creditors: Rs. 140,000
- Debentures with floating charge: Rs. 60,000

Expenses
- Liquidation expenses: Rs. 5,000
- Remuneration of liquidator: Rs. 7,500

Calculation
- Total liabilities: Rs. 375,000
- Total expenses: Rs. 12,500
- Total assets: Rs. 350,000
- Deficiency: Rs. 37,500 (Total liabilities + expenses - total assets)

Conclusion
Based on the final statement of account of the liquidator, the company has a deficiency of Rs. 37,500. This means that the company is not able to pay its total liabilities and expenses using the amount received from its assets. The deficiency may be covered by the sale of securities of fully secured creditors or other means determined by the liquidator.
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Acompany went into voluntary liquidation.rs .350000 were received fro...
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Acompany went into voluntary liquidation.rs .350000 were received from its assets. it does not include that amt which is received by selling those securities which l. are with fully securedcreditors.following was the position share capital.1000 shares of rs.100each fully secured creditors (rs.40000 were received on securities) 35000 prefential creditors 6000 unsecured creditors 140000 debenturehave floating chargeothe assets of the company 2, 50000 liquidation expenses 5000 remuneration of liquidator 7500 prepare final statement of account of liquidator Related: Liquidation of company (liquidator final statement of account)?
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Acompany went into voluntary liquidation.rs .350000 were received from its assets. it does not include that amt which is received by selling those securities which l. are with fully securedcreditors.following was the position share capital.1000 shares of rs.100each fully secured creditors (rs.40000 were received on securities) 35000 prefential creditors 6000 unsecured creditors 140000 debenturehave floating chargeothe assets of the company 2, 50000 liquidation expenses 5000 remuneration of liquidator 7500 prepare final statement of account of liquidator Related: Liquidation of company (liquidator final statement of account)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Acompany went into voluntary liquidation.rs .350000 were received from its assets. it does not include that amt which is received by selling those securities which l. are with fully securedcreditors.following was the position share capital.1000 shares of rs.100each fully secured creditors (rs.40000 were received on securities) 35000 prefential creditors 6000 unsecured creditors 140000 debenturehave floating chargeothe assets of the company 2, 50000 liquidation expenses 5000 remuneration of liquidator 7500 prepare final statement of account of liquidator Related: Liquidation of company (liquidator final statement of account)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Acompany went into voluntary liquidation.rs .350000 were received from its assets. it does not include that amt which is received by selling those securities which l. are with fully securedcreditors.following was the position share capital.1000 shares of rs.100each fully secured creditors (rs.40000 were received on securities) 35000 prefential creditors 6000 unsecured creditors 140000 debenturehave floating chargeothe assets of the company 2, 50000 liquidation expenses 5000 remuneration of liquidator 7500 prepare final statement of account of liquidator Related: Liquidation of company (liquidator final statement of account)?.
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