Question

If total assets of a business are Rs 2,60,000 and net worth is Rs 1,60,000. Calculate the creditors. show the solving

Answer 1

Answer:

According to accounting principles....

we know,

Net Worth = Asset - Liability

So, here we can get Liability as Asset - Net Worth (260000 - 160000) = 100000

Explanation:

So according to the explanation and question above, liability or creditors is Rs.100000

Answer 2

Answer:

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