Sundry Creditors as per books = 58,000. Unrecorded creditors found = 1,000, which must be added (and recorded as a loss on revaluation). New Creditors in Balance Sheet = 58,000 + 1,000 = 59,000.
Creditors to be shown in Balance sheet after admission of partner will be :
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Rs. 60,000
Rs. 59,000
Rs. 58,000
Rs. 62,000
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