HI FRNDS I WANTED 2 KNOW THAT IN STUDY MODULE OF ADV. A/C IN CHAPTER 4-CO'S A/C'S HOW 2 CALCULATE PREFRENTIAL CREDITORS & HOW 2 KNOW WHETHER THIS IS UNSECURED OR PREFRENTIAL CREDITORS.
2 BE SPECIFIC I'M TALKING ABT ILL.1 OF UNIT 5 OF CHAPTER 4.
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Liquidation of co's
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Refer section 529 for the list of preferential creditors. It was also given in the study material. Those given there will come under Preferential creditors and rest of those will come under unsecured creditors except any asset was specifically charged in the problem. Let others comment.
THNX A LOT KRISHNA
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