Question

A has been adjudged insolvent on April 1, 2016. His creditors are as follows:
Trade Creditors 250,000, Income tax 7 500; Municipal taxes 400, Salary for 4 clerks for two months
71.500; Wages of two labourers for two months 180: Private Creditors + 4,000. Rent due to landlord for
two months 7 1.200.
Find out the amount due to unsecured creditors and preferential creditors according to Provincial Insolvency
Act and Presidency Towns Insolvency Act.
ovincial Insolvency Act Pref. Crs. 1.020: Unsecured Cre. 756,760. Presidency Towns Insolvency Act​

Answer 1

Answer:

ok what to do now...........