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.

---

Definitions:

Superior Rectus

A muscle in the eye that primarily enables upward movement of the eyeball.

Inferior Rectus

A muscle in the eye that controls downward movement of the eyeball.

Superior Rectus

A muscle in the human eye, which is responsible for elevating the eye and turning it inward.

Orbicularis Oris

The orbicularis oris is a complex of muscles in the lip area that encircles the mouth, responsible for lip movements such as closing, puckering, and shaping during speech and eating.