The Main Purpose of the Liquidation Account Is To

question 40

Multiple Choice

The main purpose of the liquidation account is to:

• A) show the capital amount due to contributories.
• B) calculate the deficiency or surplus on liquidation.
• C) show the final cash payment to each class of contributory.
• D) record additional calls made on shareholders.

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Definitions:

Strcpy()

A function used in C programming to copy one string to another.

Strcmp()

A function in C and C++ programming languages that compares two strings lexicographically.

Strncpy()

A standard library function in C used to copy a specified number of characters from one string to another.

Test[5]

Denotes an array named "Test" with space allocated for six elements, with indices ranging from 0 to 5.