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Correct ANSWER only, I will rate. Pessimist Ltd. has gone into liquidation on 10th May, 2013. The details of members, who have ceased to be
Correct ANSWER only, I will rate.
Pessimist Ltd. has gone into liquidation on 10th May, 2013. The details of members, who have ceased to be members, within the year ended 31st March, 2013 are given below. The debts that could not be paid out of realization of assets and contribution from present members ('A' contributories) are also given with their date - wise break up. Shares are of Rs. 10 each, Rs.6. per share paid up. You are to determine the amount realizable from each person. Shareholders Date of transfer No. of shares Transferred 1,000 1,200 1,500 800 500 Proportionate unpaid debts 3,000 5,000 9,200 10,500L 11,000 20.04.2012 15.05.2012 18.09.2012 24.12.2012 12.03.2013 R S TStep by Step Solution
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