A company is forced into liquidation. At the time of liquidation, its balance sheet is as follows: Show how the liquidated amount can be distributed among the different claimants if: (a) the assets...

A company is forced into liquidation. At the time of liquidation, its balance sheet is as follows:

Show how the liquidated amount can be distributed among the different claimants if:

(a) the assets are liquidated at Rs 10,00,000;