are the example of
preferential creditors.
O Income Tax
O Partners loan
O Bank Overdraft
O
Bills Payable
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Explanation:
Examples :-
Preferred creditors. Floating charge holders. Unsecured creditors. Interest incurred on all unsecured debts post-liquidation.
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Explaintion :-
Creditors who are characteristically preferred creditors are: employees:( If a company goes bankrupt, the employees of that company will be first in line to be paid. If the company owes wages, this is considered to be the top priority when it comes to dissolving the company.)
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