Which of the Following Is an Example of a Deferred

question 45

Multiple Choice

Which of the following is an example of a deferred creditor?

• A) Liquidator's remuneration
• B) Arrears of preference dividends
• C) Trade creditors
• D) Audit fees payable

---

Definitions:

Right of Reimbursement

The legal right to be compensated or repaid for costs, expenses, or losses that have been incurred on behalf of another party or as a result of certain conditions being met.

Promissory Note

A financial instrument or written promise in which one party agrees to pay a specified sum of money to another party under set conditions.

Artisan

A skilled craftsman who produces items by hand, often with a high degree of craftsmanship and specialization in a particular trade.

Lien

A legal claim or right against property as security for the payment of a debt or fulfillment of an obligation.