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

Question No.20 - Chapter No.5- T.S. Grewal +1 Book 2019

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: –

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:

“Question No 1 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 2 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 3 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 4 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 5 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 6 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 7 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 8 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 9 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 10 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 11 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 12 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 13 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 14 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 15 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 16 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 17 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 18 Chapter No 5 – T.S. Grewal 11 Class”
“Question No 19 Chapter No 5 – T.S. Grewal 11 Class”

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T.S. Grewals Double Entry Book Keeping - Question No 20 Chapter No 5 - T.S. Grewal 11 Class
T.S. Grewal’s Double Entry Book Keeping

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