Preferential creditors Query from Liquidation chapter

In the solution to this question how come preferential creditor is not Rs 5000 , but 26000 ? Within 12 months supposed to be , right?

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Kumarjit Dey

CA Inter

★ 4K+

04-Nov-20 23:21

Answers (3)

Can someone please answer this

Kumarjit Dey

CA Inter

★ 4K+

05-Nov-20 13:29

Its mentioned that assessment is completed in July 2012. Which itself is incorrect. Read the question as July 2016.

Suraj Lakhotia

Admin

05-Nov-20 18:40

Suraj Lakhotia Admin

Its mentioned that assessment is completed in July 2012. Which itself is incorrect. Read the question as July 2016.

Ok. Cleared my confusion. Thanks

Kumarjit Dey

CA Inter

★ 4K+

05-Nov-20 22:09

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