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Is salary payable to workers a preferential payment?

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Question added by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date Posted: 2013/12/15
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Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

Salary payable to workers is not a a preferential payment at all

Shamsi Khan
by Shamsi Khan , General Manager Supply Chain, Procurement & Operations , Oyster Group (MBK & MFK)

Salary and gratuity payable to workers is preferential payment as specified in the Companies Ordinance,1984 in Pakistan.

Nidia Nel
by Nidia Nel , Senior Billing Clerk , Re-Ethical

no

Raihan Raihan
by Raihan Raihan , Audit Supervisor , Nasir Mohammad &CO.

Salary payable to worker is a preferential payment because workers are tne main heart of a manufacturing organization to run.

Khadija Al Habsi
by Khadija Al Habsi , Management Accountant , Majis Industrial Service Co.SAOC

No, It is not a preferetial Payment

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