Salaries due to director, manager, secretary etc. are preferential.

Related MCQs

• Salaries due to clerk is preferential for a period not exceeding:
• All revenue, taxes due to government within ………..before the date of commencement of winding up is preferential.
• Shares which carry preferential rights are called ------
• a preference share is one which enjoys a preferential right regarding payment of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Which of the following is not a preferential creditors:
• Which of the following is not a preferential creditors:
• Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.
• Director’s remuneration shall not exceed ………………. % of the net profits.
• When Redeemable Preference shares are due for redemption, the entry passed is
• Forfeiture of shares results in compulsory termination of ------ due to non payment of allotment/call money.