Commerce Exam  >  Commerce Questions  >  If Creditors are given ?20,000 in the balance... Start Learning for Free
If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?
  • a)
    No Payment to Creditors
  • b)
    Payment after 10% Discount
  • c)
    Full Amount ?20,000
  • d)
    Half Amount Rs.10,000
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If Creditors are given ?20,000 in the balance sheet. But nothing is me...
All liabilities will be paid at the time of dissolution of a partnership firm. Whether some information is given or not about the payment of the same. In this case nothing is mentioned about the payment of creditors but it is mandatory to pay the full amount ?20,000 to the creditors.
View all questions of this test
Most Upvoted Answer
If Creditors are given ?20,000 in the balance sheet. But nothing is me...

Explanation:

Background:
In the balance sheet, it is mentioned that Creditors are given ?20,000. However, there is no further information provided about the payment of the same.

Analysis:
- Given that Creditors are listed in the balance sheet with a value of ?20,000, it indicates that there is an outstanding amount owed to the creditors.
- Since there is no mention of any discounts or partial payments in the additional information, it can be assumed that the full amount of ?20,000 will be paid to the creditors.

Conclusion:
Therefore, in this scenario, the full amount of ?20,000 will be paid to the creditors as there are no indications of any discounts or partial payments in the given information.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Similar Commerce Doubts

Top Courses for Commerce

If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer?
Question Description
If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer?.
Solutions for If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If Creditors are given ?20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?a)No Payment to Creditorsb)Payment after 10% Discountc)Full Amount ?20,000d)Half Amount Rs.10,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev