From the following statements related to insolvency account mark your answer according to the answer code given: i. List A contains particulars relating to unsecured creditors. ii. All taxes due are considered preferential creditors. iii. Properties held by the insolvent in the fiduciary capacity can be distributed amongst his creditors. iv. List D contains the particulars relating to assets and properties.

The correct answer is: B. i and iii are correct

• List A contains particulars relating to unsecured creditors.

This is correct because List A is a list of all the creditors of the insolvent person, including both secured and unsecured creditors. Unsecured creditors are those who do not have any security over the assets of the insolvent person, and therefore have a lower priority in the distribution of the assets.

• All taxes due are considered preferential creditors.

This is also correct because taxes are considered to be a priority debt, which means that they must be paid before any other debts. This is because taxes are essential for the government to function, and they cannot afford to go unpaid.

• Properties held by the insolvent in the fiduciary capacity can be distributed amongst his creditors.

This is incorrect because properties held by the insolvent in the fiduciary capacity cannot be distributed amongst his creditors. This is because the insolvent person is holding these properties on behalf of someone else, and therefore does not have the right to sell them or distribute them.

• List D contains the particulars relating to assets and properties.

This is also correct because List D is a list of all the assets and properties of the insolvent person. This list is used to determine how much money is available to pay the creditors.

Therefore, the correct answer is: B. i and iii are correct