order of payment because the amount is insufficient then the liquidator's remuneration should be calculated as follows: Example: LTLtd. went into liquidation with the following liabilities: The liquidator is entitled to a remuneration of 3% on the amount realised (including securities in the hands of secured creditors) and 11/2% on the amount distributed to unsecured creditors. The various assets (excluding the securities in the hands of the secured creditors) realised are Rs. 52,000. Prepare the liquidator's statement of account showing the payment made to the unsecured creditors