XYZ Ltd. has provided the following information about its balance sheet:
Cash Rs. 100
Accounts Receivable Rs. 500
Stock holder equity Rs. 700
Accounts Payable Rs. 200
Bank Loan Rs. 1,000
Based on the information provided, how much are XYZ Ltd. total liabilities?
A. Rs. 200
B. Rs. 1900
C. Rs. 1200
D. Rs. 1700
Answer: Option B
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these

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