Calculate the long-term debts from the f

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate the long-term debts from the following information.

Options:

₹1800000

₹2000000

₹1900000

₹1600000

Correct Answer:

₹1600000

Explanation:

Capital employed = shareholder's funds + long-term debts
4000000 = 2400000 + long term debts
Long term debts = ₹1600000