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A bsnss has the following items in it: - Land $1,500,00 - Machinery $80,00 - Cash $20,00 - Owners equity $900,00 - Loan $500,00 - Creditors ?

Accounting
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Question added by Asim Gulzar , Assistant Accountant , M/s Jeea Textiles Pvt.Ltd
Date Posted: 2014/10/09
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Muhammad Hassaun
by Muhammad Hassaun , Shared Services Lead , M&P Express Logistics (Pvt.) Ltd.

Creditor:    $200,00 

Deleted user
by Deleted user

Two hundred thousand dollar

Naveed Akber
by Naveed Akber , Accounts Executive , Advanced Research Projects & Technologhies (Pvt) Limited

Twenty Thousand Dollar

 

CMA Synul Abid Kuttippurath Valappil
by CMA Synul Abid Kuttippurath Valappil , SENIOR FINANCIAL SPECIALIST , OLAM INFORMATION SERVICES LTD / OLAM COCOA PTE LTD

The Difference between Credit Side and Debit Side would be Twenty Thousand, So we can assume Creditors would be that Twenty Thousand

Asim Gulzar
by Asim Gulzar , Assistant Accountant , M/s Jeea Textiles Pvt.Ltd

Its Twenty thousand dollars...

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