On January 31, 2016 a compulsory order for winding up was made against X Company Limited, the following particulars being disclosed:

Estimated liability for bills discounted was ₹ 6,000 estimated to rank at ₹ 6,000. Other contingent liabilities were ₹ 12,000 ---- estimated to rank at ₹ 12,000. The company was formed on the 1st day of January, 2003 and has made losses of ₹ 31,13,900. Prepare Statement of Affairs and Deficiency Account.

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Cash in hand Debtors Land and Buildings Furniture and Fixtures Unsecured Creditors Debentures : Secured on Land and Buildings Secured on Floating Charge Preferential Creditors Share capital (3,200 shares of 100 each) Liabilities. Book value 100 4,000 60,000 20,000 20,000 42,000 10,000 6,000 3,20,000 Estimated to produce (3) 100 3,600 48,000 20,000