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Liquidation of Companies, Illustration 7
Accountancy
Why the 1) Preliminary Expenses 2) Preference Dividend were not taken in Liquidators Final statement?
Answers (2)
Can you send me the screenshot of the question. Please check whether the question mentions so. Goodwill, Preliminary Expenses and debit balance of Profit and Loss Account to be written off. Securities premium account may be utilized for this purpose. The question would mention terms like this for computation purposes
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