Question

1. On dissolution, a secured creditor could only partly recover his dues out of the amounts realised
from the concemed assets. The remaining amount is treated
(a) as preferential creditors
(bj as secured creditors
(c) as unsecured creditors
(d) as non-recoverable
Income tay na​

Answer 1

Answer:

your answer is

Explanation:

(a)as non-recoverable

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Answer 2

If secured creditor could only partly recover his dues out of the amounts realized from the concerned assets. The remaining amount is treated as (d) as non-recoverable assets.

• Many times even a secured creditor may fail to realise the full amount due to various factors. Then the remaining balance is known as non-refundable assets.