Following data appear in the books of XY & Co. as on 31st March 2003
Capital account = Rs. 13,00,000
Drawings account = Rs. 12,000
Land & building account = Rs. 10,00,000
Goodwill account = Rs. 3,50,000
Suspense account (Dr) = Rs. 50,000
Loss by theft account = Rs. 20,000
Business loss = Rs. 50,000
Loan given to AB & Co = Rs. 60,000
What will be the amount of sundry creditors?
A. Rs. 2,30,000
B. Rs. 1,72,000
C. Rs. 3,42,000
D. Rs. 2,42,000
Answer: Option D
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