Accountancy, asked by ilovevirat6254, 10 months ago

Question 20.
If total assets of a business are ₹ 1,30,000 and net worth is ₹ 80,000, calculate the creditors.

Answers

Answered by ishitaayala
1

Answer:70000

Explanation: Assets=Liabilities +Capital

Answered by sonalip1219
6

Creditors will be $50,000

Explanation:

  • The creditors will be computed by using the Accounting Equation of the Accounts. which is as:

Assets = Liabilities + Shareholders' Equity

where

Assets amounts to $130,000

Net worth is the shareholders' equity, which amounts to $80,000

Liabilities involve the creditors, which are those person or party who delivered the product and is owed the money by the debtors.

  • So, putting the values above:

$130,000 = Liabilities (Creditors) + $80,000

Liabilities (Creditors) = $130,000 = $80,000

= $50,000

You can learn more from here about accounting equation:

brainly.in/question/4635746

brainly.in/question/13364785

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