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  1. business
  2. accounting
  3. \table[[liabilities,t,,assets,],[share capital:,,,

\table[[Liabilities,T,,Assets,],[Share Capital:,,,Land and Buildings,200000],[Authorized and Subscribed:,,,Plamt and Machinery,500000],[40006% Preference Shares of 2100,,,Patents,80000],[each,400000,,Stock at Cost,110000],[2000 Equity...

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Accounting

\table[[Liabilities,T,,Assets,],[Share Capital:,,,Land and Buildings,200000],[Authorized and Subscribed:,,,Plamt and Machinery,500000],[40006% Preference Shares of 2100,,,Patents,80000],[each,400000,,Stock at Cost,110000],[2000 Equity Shares of 2100 each,,,Sundry Debtors,220000],[575 paid-up,150000,,Cash at Bank,60000],[6000 Equity Shares of 100 each,,,,Profit and Loss Account,240000],[Z60 share paid-up,360000,910000,,],[\table[[5% Debentures (having a floating],[charge co all assets)]],,200000,,],[Interest Outstanding on Debentures,,,,],[(also sccured as above),,10000,,],[Creditars,,290000,,],[,,1410000,,1410000]]
On that dare, the company went into Liquidation. The dividends on preference shares were is arrears for two years. The arrears are puyable on liquidation as per the Articles of the company. Creditors include a loan of $1,00,000 on Mortgage on Land and Building. The lssets realized as under.
\table[[Land & Buildings,2,40,000
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