Capital 50000 drawings 10000 debtors and creditors 24000 16000

Explanation:

Capital:
- Capital refers to the amount of money that an individual or business invests into a business.
- In this case, the capital is stated as 50000, which means that the individual or business has invested 50000 units of currency into the business.

Drawings:
- Drawings refer to the amount of money or assets that an individual or business withdraws from the business for personal use.
- In this case, the drawings amount is stated as 10000, which means that the individual or business has withdrawn 10000 units of currency or assets from the business for personal use.

Debtors:
- Debtors are individuals or businesses who owe money to the business.
- In this case, the debtors amount is stated as 24000, which means that the total amount of money owed to the business by its debtors is 24000 units of currency.

Creditors:
- Creditors are individuals or businesses to whom the business owes money.
- In this case, the creditors amount is stated as 16000, which means that the total amount of money owed by the business to its creditors is 16000 units of currency.

Summary:
- The capital of the business is 50000 units of currency, indicating the initial investment made into the business.
- The drawings amount of 10000 units of currency indicates the amount of money or assets withdrawn from the business for personal use.
- The debtors amount of 24000 units of currency represents the total amount of money owed to the business by its debtors.
- The creditors amount of 16000 units of currency represents the total amount of money owed by the business to its creditors.

Key Points:
- Capital: 50000
- Drawings: 10000
- Debtors: 24000
- Creditors: 16000