Question

4.IftotalassetsofabusinessareRS2,60,000and networth is RS1,60,000.Calculatethe

creditors of an enterprise​

Answer 1

Explanation:

Identify the 'Accounting Concepts' involved in the following:

Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in the

Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.

Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000.

Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000.c) Accounts are prepared at the end of every year.

Identify the 'Accounting Concepts' involved in the following:a) Production Manager of the company is interested to reflect the good industrial relations in theaccounts.b) Machine is recorded at cost (Rs. 50,000) while the market value is Rs. 45,000.c) Accounts are prepared at the end of every year.d) Same accounting methods are used year after year.