Read the following data of a company and answer the question.
 
Public deposits-  ₹4,00,000
O/S Expenses-   ₹10,000
Calls in advance-   ₹25,000
Provision for employee benefits-   ₹20,000  (maturing within operating cycle of the company)
Provision for taxation-    ₹1,50,000

Calculate the Current liabilities that will be shown in the company's balance sheet.

₹2,05,000

The correct answer is option 2- ₹2,05,000.

Current Liabilities= Other current liabilities + Short term provision
                        = ₹35,000 + ₹1,70,000
                        = ₹2,05,000

* Short term Provisions = Provision for employee benefits + Provision for taxation
                                  = 20,000+ 1,50,000
                                  = ₹1,70,000

* Other current Liabilities = O/S expense + Calls in advance
                                     = 10,000 + 25,000
                                     = ₹35,000