The liabilities and assets of Vasant Ltd$.$ as on $31$st March, $2020$ being the date of voluntary

winding up is as under :

Mortgage loan was secured against Land & Building. Debentures were secured by a

floating charge on all assets. The company was unable to meet the payments and therefore

the tebentureholders appointed a Receiver for the debentureholders. He brought the Land

and Buildings to action and realised $1,60,000.$ He also took charge of Sundry Assets of

value of $2,36,000$ and realised $2,00,000.$ The Bank overdraft was secured by personal

guarantee of the directors of the company and on the Bank raising a demand, the Directors

paid off the due from their personal resources. Costs incurred by the Receiver were $1,950$

and by the Liquidator $3,000.$ The receiver was not entitled to any remuneration but the

Liquidator was to receive $2\%$ fee on the value of assets realised by him. Preference

Shareholders have not been paid dividend for period after $31$st March, $2018$ and interest

for the last half year was due to the Debentureholders. Rest of the assets were realised at

$1,50,000.$

Prepare the accounts to be submitted by the receiver and Liquidator.