Question

preferential creditors are shown under​

Answer 1

Answer:

The term preferential creditor, sometimes interchangeable with 'preferred creditor', is a creditor whose right to payment is deemed of more importance than another. When a company can't pay its bills, certain payments are prioritised over others based on criteria outlined in the Bankruptcy and Insolvency Act.

Explanation:

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Answer 2

Answer:

The term preferential creditor, sometimes interchangeable with 'preferred creditor', is a creditor whose right to payment is deemed of more importance than another. When a company can't pay its bills, certain payments are prioritised over others based on criteria outlined in the Bankruptcy and Insolvency Act.