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Liquidation of companies

Accountancy

Please explain how loss due to liquidation is â?¹59,00,000...

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Naveen Kumar S

Naveen Kumar S

CA Inter

★ 1K+

28-Aug-22 01:05

164

Answers (1)

Best Answer

Paid up share capital - surplus available for shareholders( given in question) 79 lakhs - 20 lakhs = 59 lakhs (loss on liquidation) Loss is apportioned on the basis of no.of shares held

Sajeetha R

Sajeetha R

CA Final

★ 45K+

28-Aug-22 06:44

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