18. If total assets of a business are * 1,30,000 and net worth is * 80,000, calculate the creditors. * 50,000.) [Hint: Net Worth = Assets - Liabilities.]
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Answer:
Creditors = 50000
Explanation:
Total Assets of Business = 1,30,000
Net Worth = 80,000
Creditors = ?
Net Worth = Assets - Liabilities
Liabilities = Creditors
Liabilities (Creditors) = Assets - Net worth
Creditors = 130000 - 80000
Creditors →50,000
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