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Corporate Accounting 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.
Liquidator final statement of account. 17 rows The liquidator also prepares an account of winding up. Company was placed in liquidation for the following periods. The main job of the liquidator is to collect the assets of the company and realize them and distribute the money realized among right claimants.
A call of 2 per share on the partly paid equity shares was duly paid except in case of one shareholder owning 100 shares. In every mode of winding up the liquidator is required to keep proper books to record receipt and payment which is known as liquidators final statement. In every case the liquidator has to prepare a statement showing how much he realised and how the amount was distributed.
There is no double entry involved in the preparation of liquidators statement of account. For a company in liquidation that has no receipts the liquidator is only required to file a Declaration of Receipts and Payments PDF 974KB with IRAS once every four years. The cost of liquidation is140.
Liquidator carrying on business 161. It is the duty of the liquidator to realize the assets and disburse the same among those who have a proper claim. This account takes the form of Cash Account.
By Rohan Khanna category Company Accounts The liquidator is required to prepare an account of winding up known as Liquidators Final Statement of Account after the affairs of the company are. Liquidator final statement of account simple sums- Part 7 About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy Safety How YouTube works Test new features 2021. He is to prepare a statement showing how much he has realized and how the same would be disbursed.
Company in Liquidation without Receipts. I Provisional liquidator appointed from 01 Mar 2015 to 31 Mar 2015. Expenses of sales TRANSFERS OFACTIONS AND PROCEEDINGS 163.
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