Preferential Creditors

Amit Gupta (Loosening Myself) (1508 Points)

26 June 2009

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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2 Replies

Anil G Kodla (Article Trainee) (22 Points)
Replied 26 June 2009

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.

Yogesh jain (ARTICLE) (29 Points)
Replied 20 February 2012

please tell complete meaning of Preferential creditor.

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