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Complete the table: Creditors 40,000 Bills Payable 60,000 Third Party Liability ______ - Book Keeping and Accountancy

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Question

Complete the table:

Creditors Bills Payable Third Party Liability
40,000 60,000 ______
Complete the Table
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Solution

Creditors Bills Payable Third Party Liability
40,000 60,000 1,00,000

Explanation:

Third Party Liability = Creditors + Bills Payable

= 40, 000 + 60,000

= 1,00, 000

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2025-2026 (March) Board Question Paper
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