Illustration 4 On January 31, 2003 a compulsory for winding up was made against Not Sure' td. The balance sheet of the company discloses the following information. Cash in hand Debtors Land & Building Book value Rs 200 8,000 Juded barn dople fo 1,20,000 ovan oh afton 40,000 Hoy bad gulub binab Chor 40,000 Cansinately Furneture Unsecured Creditors Debentures Secured on Land & Buildings Secured on floating charge Preferential Creditors 12,000 Share Capital (6,400 shares of Rs 100 each) 6,40,000 Estimated liabilities for bills discounted was Rs. 12,000- estimated to 20 Dat rank at Rs.24,000. The company was formed on the 1st day of January 2000 and has suffered losses of Rs.6.27,800 prepare Statement of Affaires and a Deficiency Account bou 200 201 20 203201 84,000 y value 13 Bedque Estimated to realize etnol pe 20,000 Rs 200 7,200 96,000 40,000