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The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.?
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The liquidator has a cash balance of RS 2,63,989 after paying to deben...
Calculation of Amount Receivables by Unsecured Creditors
Given:
- Cash balance after paying to debenture holders = RS 2,63,989
- Remuneration payable to liquidator on the amount paid to unsecured creditors = 3%
Solution:
Step 1: Calculation of Total Amount Paid to Unsecured Creditors
To calculate the amount payable to unsecured creditors, we need to subtract the cash balance from the amount paid to debenture holders. Let's assume the amount paid to debenture holders is X.
X - RS 2,63,989 = Amount paid to unsecured creditors
Step 2: Calculation of Remuneration Payable to Liquidator
The remuneration payable to the liquidator on the amount paid to unsecured creditors is 3%. Let's assume the amount payable to unsecured creditors is Y.
3% of Y = remuneration payable to liquidator
Step 3: Calculation of Amount Receivables by Unsecured Creditors
To calculate the amount receivables by unsecured creditors, we need to subtract the remuneration payable to the liquidator from the amount paid to unsecured creditors. Let's assume the amount receivables by unsecured creditors is Z.
Y - 3% of Y = Z
Z = 97% of Y
Therefore, the amount receivables by unsecured creditors would be 97% of the amount paid to unsecured creditors.
Conclusion:
The amount receivables by unsecured creditors can be calculated by subtracting the remuneration payable to the liquidator from the amount paid to unsecured creditors and then multiplying it by 97%.
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The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.?
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The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.?.
The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The liquidator has a cash balance of RS 2,63,989 after paying to debenture holders. 3 percent remuneration is payable to liquidator on the amount paid to unsecured creditors.what amount would be receivables by unsecured creditors.?.
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