Question

A contributory is A creditor
B shareholder
C debenture holder
D non

Answer 1

Answer:

what we have to do in this question

Answer 2

We are asked the question of who a contributor is and the correct answer from the options given is a shareholder.

• There are a set of options given in the question asked which have options like creditor and debenture holder.
• A contributor is a person who gives money to the company when the company is wound up.

• A creditor cannot be a contributor as the company has to pay the creditor his dues when the company is wound up.

• Even debenture holders cannot be contributory as the debenture holders have to be paid when the company is wound up.
• So the correct answer is the shareholder as he has the responsibility of paying the company the money which is unpaid on his shares.

PROJECT CODE: #SPJ6