1. A company can be liquidated in any of three ways (a) Compulsory winding-up by

Question

1. A company can be liquidated in any of three ways
(a) Compulsory winding-up by the Court
(b) voluntary winding-up by the members or creditors
(c) winding-up under the supervision of the court
(d) All of the above.

2. List H shows%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026 Account.
(a) Deficiency or Surplus
(b) Preferential creditors
(c) Fixed assets account
(d) None of the above

3. When a company is wound-up, all persons who ceased to be the shareholders within a year before the winding-up are placed in the %u2026%u2026..
(a) %u2018A %u2018list of contributories
(b) %u2018B%u2019 list of contributories
(c) %u2018C%u2019 list of contributories
(d) %u2018D%u2019 list of contributories

Explanation / Answer

Answer: 1-(d), 2-(a), 3-(b)

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