Liquidation of a company- treatment of surplus ( negative) in preparing liquidators statement

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This discussion clarifies how to handle a surplus or deficit shown on a company's balance sheet when preparing a liquidator's statement. The focus is on the cash receipts and their utilisation, rather than the balance sheet figures themselves. The advice is to stick to the fundamental principles of liquidator accounting.

Sreekumar J Pai

Sreekumar J Pai

(Querist)
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11 January 2025 company balance sheet shows surplus ( negative balance) on the asset side of the balance sheet. How it should be treated while preparing liquidator's statement?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 January 2025 liquidator's statement is about cash receipts and utilization thereof. What does it have to do with the surplus/deficit in the balancesheet ?

Sreekumar J Pai

Sreekumar J Pai

(Querist)
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14 January 2025 Got the point 👉 thanks a lot.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 January 2025 you are welcome. just follow the basics right.

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