Page 188 - DCOM205_ACCOUNTING_FOR_COMPANIES_II

Unit 9: Fundamentals of Liquidation of Companies

Marketable Securities ——— ——— ——— ——— notes
Bills Receivables ——— ——— ——— ———
Trade Debtors ——— ——— ——— ———
Loans and Advance ——— ——— ——— ———
Unpaid Calls ——— ——— ——— ———
Stock-in-Trade ——— ——— ——— ———

Work-in-progress ——— ——— ——— ———
------------------------ ——— ——— ——— ———
------------------------ ——— ——— ——— ———
Free-hold property, Land & Buildings ——— ——— ——— ———
Leasehold Property ——— ——— ——— ———
Plant & Machinery ——— ——— ——— ———
Furniture, fittings, utensils etc. ——— ——— ——— ———
Investment other than marketable
securities ——— ——— ——— ———
Livestock ——— ——— ——— ———
Other property, viz. ——— ——— ——— ———
------------------------ ——— ——— ——— ———
------------------------ ——— ——— ——— ———
Assets specifically pledged (a) (b) (c) (d)
(as per List ‘B’) Estimated Due to Deficiency Surplus
realisable secured ranking as carried to
values creditors unsecured last column
` ` ` `
Estimated surplus from assets specifically pledged _________
Estimated total assets available for preferential creditors, debenture-holders.

Secured by a floating charge, and unsecured creditors (carried forward)________ `

9.5.1 summary of gross assets and gross liabilities

Gross realisable value of assets specifically pledged

Other assets --------------
Gross Assets ` --------------
liabilities
Gross Liabilities (to be deducted from surplus or added to deficiency as the case may be)
` Secured creditors (as per List ‘B’ ) to the extent to which claims are estimated to
be covered by assets specifically pledged [item (a) or (b) whichever is less]
(insert in ‘Gross Liabilities’ column only)
Preferential creditors (as per List ‘C’)

Estimated balance of assets available for debentures `

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