Accountancy, asked by ggsj3941, 17 days ago

If total assets of a business at the end of the year are Rs. 20,00,000, capital is Rs. 8,00,000 and drawings are Rs. 60,000. Calculate creditors.

Answers

Answered by AllenGPhilip

1

Answer:

Explanation:

Given,

Total Asset = 20,00,000

Capital = 8,00,000

Drawings = 60,000

Creditors = ?

Creditors = Asset - (Capital - Drawings)

Creditors = 12,60,000

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