Investments valued Rs. 2,00,000 were not shown in the books. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. How much amount will be deducted from creditors?
A. Rs. 20,000
B. Rs. 2,20,000
C. Rs. 4,20,000
D. Rs. 2,00,000
Answer:B
Investments valued Rs. 2,00,000 were not shown in the books. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. How much amount will be deducted from creditors?
A. Rs. 20,000 B. Rs. 2,20,000 C. Rs. 4,20,000 D. Rs. 2,00,000