We wati to the HuntsmanExplanation:GOUDATOR'S ACCOUNT13. The Balance sheet of Raj lid as on 1-3-2014 is as under the dateon which the company liquidated voluntarilyAssetsRs.19.000 quity shares of Rs 100Patentseach. R. 60 paid per share2.00.0009.00.000 Plant & Machinery12,50.0005.000 quity shares of Rs 100Land & Buildings5,00,000cach, R$ 75 paid per share 3.75.000 Debtors5.50.00010,000 Preference Shares or1.50.000RS. 100 each (6)10.00.000 Stock2.75.0005% Mortgage debentures5.00,000 Profit & Loss Ne (Dr)6,00,000Outstanding intereston Debentures25.000Creditors7.25.00035,25.00035.25,000Additional INFORMATION :(1) Creditors include Preferential creditors of Rs. 75,000 and a Loan forRs. 2,50.000 secured by a Mortgage on Land and Buildings.(2) The Preference DIVIDENDS were in ARREARS for two years.(3) The expense of liquidation amounted to Rs. 54,500.(4) The assets were realized as follows:Rs.Patents1,50,000Stock3.00,000Land & Buildings6,00,000Debtors4,00,000Plant & Machinery10,00.000(5) The liquidator is entitled to a remuneration of 3% on assets realized and 2%on amount distributed to unsecured creditors other than preferential creditors,Prepare Liquidator's FINAL Statement of Receipts and Payments.[Guj. Uni., S.Y., Nov. 2014