Practicing Success
While preparing the Comparative Balance Sheet, Creditors showed absolute change (increase) on 31st March 2021 for ₹3,00,000 and the Percentage change on the above-mentioned date was 20%, Creditors on 31st March 2020 and 31st March 2021 were...... |
On 31.3.2020 Creditors ₹15,00,000 On 31.3.2020 Creditors ₹18,00,000 On 31.3.2020 Creditors ₹20,00,000 On 31.3.2020 Creditors ₹15,00,000 |
On 31.3.2020 Creditors ₹15,00,000 |
The correct answer is option 1- 20%= ₹3,00,000 Creditors in 2021 = 15,00,000 + 3,00,000 |