02. A winding up order has been issued Malingumu pic. The following information is obtained with regard to the assets and liabilities as on 30 June 2006 Tshs (m) Freehold premises (book value Tshs 450.000ml) sabe at 375.000 First mortgage of Freehold Premises 300.000 Second mortgage of Freehold premises 112.500 8% debentures carying a fasting charge on the undertaking interest due 1st September, and 1st April, and paidon due dates 150.000 Managing Director's emoluments (6 months) 22.500 Saif salary unpaid (one Month) Trade debtors - Good 31.500 Doubtful (Estimated to realize 50%) Bad Plant and machinery crying amount Tshs 247 500m) estimated to realize Bankoverdrat-unsecured Cash in hand Stock at cost Tshs 50,850) estimated to realize 16.050 12.900 72.750 174.000 58,125 33.900 150.000 1.500 256 250 Issued Capital Equity Shares of Tshs 101- each fully called up Calls in areas, Tshs 3,000m/= estimated to realiz Unsecured creditors Contingent liability in respect of a daim for damages Tshs 37.500ml= estimated to be settled for Income tax liability For 30 June 2004 Far 30 June 2005 For 30 June 2006 18,000 5.250 1.275 2.700 The reserves of the company on 1st September 2005 amounted to 7.500 Required: Prepare the Statement of Afairs and Deficiency account 02. A winding up order has been issued Malingumu pic. The following information is obtained with regard to the assets and liabilities as on 30 June 2006 Tshs (m) Freehold premises (book value Tshs 450.000ml) sabe at 375.000 First mortgage of Freehold Premises 300.000 Second mortgage of Freehold premises 112.500 8% debentures carying a fasting charge on the undertaking interest due 1st September, and 1st April, and paidon due dates 150.000 Managing Director's emoluments (6 months) 22.500 Saif salary unpaid (one Month) Trade debtors - Good 31.500 Doubtful (Estimated to realize 50%) Bad Plant and machinery crying amount Tshs 247 500m) estimated to realize Bankoverdrat-unsecured Cash in hand Stock at cost Tshs 50,850) estimated to realize 16.050 12.900 72.750 174.000 58,125 33.900 150.000 1.500 256 250 Issued Capital Equity Shares of Tshs 101- each fully called up Calls in areas, Tshs 3,000m/= estimated to realiz Unsecured creditors Contingent liability in respect of a daim for damages Tshs 37.500ml= estimated to be settled for Income tax liability For 30 June 2004 Far 30 June 2005 For 30 June 2006 18,000 5.250 1.275 2.700 The reserves of the company on 1st September 2005 amounted to 7.500 Required: Prepare the Statement of Afairs and Deficiency account