Hi friends
What is meant by Preferential creditors?( NOT THE TREATMENT IN STATEMENT OF AFFAIRS)
Any defination on preferential creditor in AS??
Thanxx..
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Preferential Creditors
Replies (2)
Hi ,
Preferential creditors are those creditors who are having preferential right to get due payments over other creditors.
Eg:Taxes due to Government, contribution to PF etc.
please tell complete meaning of Preferential creditor.
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