Question

while liquidation a company preferential creditors are shown in the statement of affairs under​

Answer 1

Answer:

The amounts of the Preferential Creditors, who are paid in full, are shown in the inner column and this amount is to be deducted from the available assets. The amount of salaries or wages or rent, in excess over the limit prescribed by the law, shall be included in the list of Unsecured Creditors under List A.

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