Liquidation of company means the legal procedure by which all the activities of the company comes to an end. In this chapter liquidators final statement of account is prepared. The final statement is just like a cash book. ( receipt and payment column)
liquidators remuneration is calculated on the percentage of all assets realised and payment made to unsecured creditors.
This video explains an additional problem relating to calculation of debenture interest.
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Liquidators final statement of account
• Liquidation of compani...