Preferential creditors

Accountancy

I had found our while solving questions in liquidation chapter that outstanding wages are entirely preferential creditors but employees' salary due are restricted to amount of Rs 20000 and 4 months, the balance is to be treated as Unsecured creditors. Correct, Sir?

Kumarjit Dey

CA Inter

★ 4K+

29-Nov-20 22:43

989

Answers (2)

Best Answer

Yes

CA Suraj Lakhotia

Admin

30-Nov-20 08:47

CA Suraj Lakhotia Admin

Yes

Thank you

Thread Starter

Kumarjit Dey

CA Inter

★ 4K+

30-Nov-20 10:25