Question

employees dues are______________.
1.Preferential liabilities
2. Contingent liabilities
3.External liabilities
4.secured liabilities

Answer 1

Answer:

The correct answer is C) External Liabilities.

Employees salary when becomes due needs to be paid off and are considered as unsecured creditors.

Answer 2

Answer:

Amongst the available alternatives, the most appropriate choice will be the third option, i.e External Liabilities

Step by step answer:

Employee fees fall under the current debt category.

Current and subsequent debt is an important financial issue for a business. The main difference between the two is that the current debt is the amount you already owe, while the interim debt means the amount you may owe depending on how certain events occur.