Archive | Liquidation

Top 6 Problems on Liquidation of Companies (With Solutions)

Are you looking for problems and solutions on liquidation of companies? You are in the right place! In this article we have compiled six selected accounting problems on liquidation of companies with its relevant solutions. Contents: Preparation of Liquidator’s Statement of Account Preparation of Liquidator’s Cash Account and Liquidator’s Final Statement of Account Preparation of […]

Liquidation of Companies: Top 10 Problems (With Solutions)

Are you looking for problems and solutions on liquidation of companies? You are in the right place! In this article we have compiled top ten problems on liquidation of companies along with its relevant solutions. Contents: Preparation of Statement of Affairs to the Meeting of Creditors Preparation of Statement of Affairs to the Meeting of […]

Liquidator’s Final Statement of Account

The liquidator’s task is to realise the assets and disburse the amounts among those who have a rightful claim to it; in every case the liquidator has to prepare a statement showing how much he realised and how the amount was distributed. The following is the order in which disbursements will be made by the […]

Statement of Affairs under Liquidation

The officers and directors of a company under liquidation must, according to section 454 read with section 511 A, make out and submit, within 21 days of the Tribunal’s order (or within such extended time, not exceeding 3 months, as the liquidator or the Tribunal may allow), a statement showing the following:— (a) The assets […]

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