Question No 20 Chapter No 5 – T.S. Grewal 11 Class

Question No 20 Chapter No 5

Calculation of Total Assets, Opening and Closing Capital and Profit and loss

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

The solution of Question No 20 Chapter No 5: –

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To calculate the creditors or Liability, we can use the following formula : –

Net worth = Total Assets – Total Liabilities

Because the total assets and net worth are given.

Total Liabilities or Creditors = Total Assets – Net worth

Total Liabilities = 1,30,000 – 80,000

Creditors 50,000/-

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