IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Liquidation of companies

Accountancy

In the illustration 5 of new icai book of advance accounting module 2 chapter 7 how did trade payables became 75,500 in liquidator's final statement?

Amal Antony

CA Inter

★ 3K+

01-Aug-20 12:52

377

Answers (1)

As it is given paid 75,000 less 2% and also outstanding expenses were settled for 2,000 Creditors including Outstanding expenses => 75,000 X 98% + 2,000 = 75,500

Lavanya Chitturi

CA Inter

★ 895

01-Aug-20 14:58

Connect With Us

Sales

964-011-1110 / 913-331-0549

Support

915-491-1196

964-011-1110

support@indigolearn.com

Company

About Us

Careers

Information

Testimonials

FAQ

Terms & Conditions

CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C

IndigoLearn

Liquidation of companies

Connect With Us

Company

Information

Courses

Course Guides

Offerings