tableLiabilitiesTAssets,Share Capital:,,,Land and Buildings,Authorized and Subscribed:,,,Plamt and Machinery, Preference Shares of Patents,eachStock at Cost, Equity Shares of each,,,Sundry Debtors, paidupCash at Bank, Equity Shares of each,,,,Profit and Loss Account,Z share paiduptable Debentures having a floatingcharge co all assetsInterest Outstanding on Debentures,,,,also sccured as aboveCreditars
On that dare, the company went into Liquidation. The dividends on preference shares were is arrears for two years. The arrears are puyable on liquidation as per the Articles of the company. Creditors include a loan of $ on Mortgage on Land and Building. The lssets realized as under.
tableLand & Buildings,
