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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
If total assets of a business are ₹1,30,000 and net worth is ₹80,000, calculate the creditors.
Note: Net worth = Capital (owner’s equity)
Using the Accounting Equation:
Assets = Capital + Liabilities (Creditors)
Therefore: Creditors = Total Assets − Net Worth (Capital)
| Creditors | = Total Assets − Net Worth |
| = ₹1,30,000 − ₹80,000 | |
| = ₹50,000 |
Creditors = ₹50,000
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 11 Chapter 5 Q.17 - Calculate Creditors from Total Assets and Net Worth", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 5 - Accounting Equation.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "T.S. Grewal Class 11 Chapter 5 Q.17 - Calculate Creditors from Total Assets and Net Worth" instantly.
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Solution to Q.2 of Chapter 5 Accounting Equation, T.S. Grewal Double Entry Book Keeping Class 11 2025-2026.
Solution to Q.3 of Chapter 5 Accounting Equation, T.S. Grewal Double Entry Book Keeping Class 11 2025-2026.