Following data appear in the books of XY & Co. as on 31^st 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?

The amount of sundry creditors is Rs. 2,42,000 (Option D).
## Step-by-Step Calculation
In accounting, a trial balance or financial balance must always balance out, meaning the sum of all debit balances must equal the sum of all credit balances.
## 1. Grouping the Balances

* Debit Balances (Assets, Drawings, and Losses):
* 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
* Credit Balances (Capital and Liabilities):
* Capital account = Rs. 13,00,000
* Sundry creditors = To be calculated

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## 2. Calculating Total Debits
$$ ext{Total Debits} = 12,000 + 10,00,000 + 3,50,000 + 50,000 + 20,000 + 50,000 + 60,000$$
$$mathbf{ ext{Total Debits} = ext{Rs. } 15,42,000}$$
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## 3. Solving for Sundry Creditors
$$ ext{Total Credits} = ext{Total Debits}$$
$$ ext{Capital} + ext{Sundry Creditors} = ext{Rs. } 15,42,000$$
$$13,00,000 + ext{Sundry Creditors} = 15,42,000$$
$$ ext{Sundry Creditors} = 15,42,000 - 13,00,000$$
$$mathbf{ ext{Sundry Creditors} = ext{Rs. } 2,42,000}$$
.