1
Question
If total assets of a business are ₹ 1,30,000 and net worth is ₹ 80,000, calculate the creditors.
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Solution
Creditors
=
Total Assets – Net worth
=
1,30,000 – 80,000
=
Rs 50,000
|
Creditors |
= |
Total Assets – Net worth |
|
|
= |
1,30,000 – 80,000 |
|
|
= |
Rs 50,000 |
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