Moon Ltd. has gone into liquidation on 30 th May, 2013. The details of members who have ceased to be member within one year ('B' contributories) along with the debts that could not be paid out of realisation of assets an
CS Executive · Company Accounts & Auditing Practices · PYQS · December 2014
Moon Ltd. has gone into liquidation on 30 th May, 2013. The details of members who have ceased to be member within one year ('B' contributories) along with the debts that could not be paid out of realisation of assets and contribution from present members ('A' contributories) are given below. Shares are of ₹10 each and ₹7 are paid-up. Shareholders No. of shares transferred Date of transfer Proportionate unpaid debts (₹) A 10,000 30.04.2012 30,000 B 12,000 15.06.2012 50,000 C 15,000 18.10.2012 92,000 D 8,000 24.12.2012 1,05,000 E 5,000 12.02.2013 1,10,000 Determine the amount realisable from each shareholder.
Topics: Company Accounts
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