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EXERCISE.

Tom Jones died intestate leaving his wife Sarie to whom he was married I COP, his daughter
Betty married I COP, his daughter Connie married 0 COP and hos minor son David.

He had the following assets

Fixed property in Windhoek valued at 500 000


Movables consisting of
Furniture valued at 50 000
Motor vehicle sold for 150000
Cash in the bank totaling 200 000
Interest on bank accrued after death 10 000

Tota1liabilities and administration costs


Including funeral expenses of 6 000
amounted to 100 000

Draw up the Liquidation and Distribution Account.

EXERCISE.

Tom Jones died intestate leaving his wife Sarie to whom he was married I COP, his daughter
Betty married I COP, his daughter Connie married 0 COP and hos minor son David.

He had the following assets

Fixed property in Windhoek valued at 500 000


Movables consisting of
Furniture valued at 50 000
Motor vehicle sold for 150000
Cash in the bank totaling 200 000
Interest on bank accrued after death 10 000

Tota1liabilities and administration costs


Including funeral expenses of 6 000
amounted to 100 000

Draw up the Liquidation and Distribution Account.

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