Question

From the particulars related to a company, calculate the amount of preferential creditors The creditors other than the secured creditors of liquidated company were:
Particulars. Trade creditors RS.1,42,200
Provident fund of workers RS.11,000
Gas board for gas supplied RS.420
Dues to city corporation for local taxes RS.10,000
Salary of clerk for six months RS.30,000
Salary of peon for four months RS.6,000
Directors fees RS.8,000
Income Tax due RS.10,000
Compensation under workmen’s compensation act RS.9,000

Options: a. Preferential Creditors Rs. 66,000
b. Preferential Creditors Rs. 56,000
c. Preferential Creditors Rs. 66,420
d. Preferential Creditors Rs. 74,000​

Answer 1

Answer:

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