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: –
Question No 20 Chapter No 5 – T.S. Grewal 11 Class - Explained with Animated Examples
Subscribe our Youtube Channel
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/-
Please also check out all questions of this chapter which is already solved shown as follow:
Share with your friends
Comment if you have any question.
Check out T.S. Grewal +1 Book 2019 @ Amazon.in
