Liquidation

Accountancy

Why is tax payment adj. with reciever and mot liquidator?

theee k

CA Final

★ 435

13-Oct-22 17:02

420

Answers (2)

Best Answer

That is because tax payment is a preferential creditor. And upto debentures with floating charge is dealt in with the receivers account. Hence it adjusted in the receiver's account.

Vathana M

CA Inter

★ 25

13-Oct-22 17:05

Vathana M

That is because tax payment is a preferential creditor. And upto debentures with floating charge is dealt in with the receivers account. Hence it adjusted in the receiver's account.

Thank you

Thread Starter

theee k

CA Final

★ 435

13-Oct-22 17:07