alleryStart learning →Creditors opened at Rs 50,000, credit purchases Rs 2,00,000, payments Rs 1,70,000. Closing creditors?
ARs 80,000
BRs 1,20,000
CRs 20,000
DRs 4,20,000
Answer & Solution
Correct answer: A. Rs 80,000
Closing creditors = 50,000 + 2,00,000 - 1,70,000 = 80,000.
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