The first item in order of payment to be made by liquidator is:

Related MCQs

• Liquidator’s statement of receipts and payment is know as:
• Under net payment method, purchase consideration includes all payments made to the share holders in the form of ---------
• ------ is an annual payment made by a life insurance company in consideration form a lump sum received.
• When an item of property, plant and equipment is revalued, what should be revalued?
• An item which may or may not be the liability of the company due to happening of certain event is…………
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• Forfeiture of shares results in compulsory termination of ------ due to non payment of allotment/call money.
• Advance payment of tax is a….
• Compulsory cancellation of shares by the company\y due to non‐payment of allotment or call money is called …………….