Final answer:
The amount of creditors for Mr. Mahesh, given the assets of Rs.10,00,000 and capital of Rs.6,00,000, is calculated to be Rs.4,00,000 using the accounting equation.
Step-by-step explanation:
The fundamental accounting equation is Assets = Liabilities + Owner's Equity. Mr. Mahesh has assets worth Rs.10,00,000 and capital (Owner's Equity) of Rs.6,00,000. To find the amount of creditors or liabilities, we rearrange the equation to Liabilities = Assets - Owner's Equity. So, creditors equal Rs.10,00,000 (Assets) - Rs.6,00,000 (Owner's Equity), which gives us Rs.4,00,000. Therefore, the amount of creditors is Rs.4,00,000.