Question

Find out the value of debtors if Cash Rs 48000 , creditors 33000 , Furniture 21000 and capital Rs 77,000

Answer 1

Answer:

Capital + Liabilities = Assets

Let, Debtors = X

Capital + Creditors = Cash + Furniture + Debtors

Or, ₹77,000 + ₹33,000 = ₹48,000 + ₹21,000 + X

Or, ₹1,10,000 = ₹69,000 + X

Or, X = ₹1,10,000 - ₹69,000

Or, X = ₹41,000

Therefore Debtors = ₹41,000

Answer 2

Answer:

Capital + Liabilities = Assets

Explanation:

Let, Debtors = X

Capital + Creditors = Cash + Furniture + Debtors

Or, ₹77,000 + ₹33,000 = ₹48,000 + ₹21,000 + X

Or, ₹1,10,000 = ₹69,000 + X

Or, X = ₹1,10,000 - ₹69,000

Or, X = ₹41,000

Therefore Debtors = ₹41,000