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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Accounting Ratios

Question:

Read the information carefully and answer the questions.

Particulars Amount (₹)
Inventories 50,000
Trade Receivables 50,000
Advance Tax 4,000
Cash and Cash Equivalents 30,000
Trade Payables 1,00,000
Bank overdraft 4,000

 

 

Amount of Total current liabilities are:

Options:

₹1,00,000

₹4,000

₹1,04,000

₹1,08,000

Correct Answer:

₹1,04,000

Explanation:

The correct answer is option 3- ₹1,04,000.

Current liabilities = Trade Payables + Bank overdraft
                         = 1,00,000 + 4,000
                         = 1,04,000

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