Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
    Which one of the following is False?

    A)  Amount due to workman is rank with secured creditors in the event of liquidation of company

    B)  Salaries due to director, manage, secretary etc., are preferential      

    C)  All revenue taxes due to government within 12 months before the date of commencement of winding up is preferential

    D)  Calls in advance on shares have priority over payment of paid up share capital of that class

    Correct Answer: B


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