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Home Questions 4U2F6UXZPP
Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate current liabilities from the following information-

PARTICULARS AMOUNT (₹)
Total assets 800000
Fixed assets 540000
Non-current investments 110000
Shareholder's funds 600000
Non-current liabilities 80000

 

Options:

₹100000

₹150000

₹120000

₹200000

Correct Answer:

₹120000

Explanation:

Current liabilities =  Total assets - shareholders funds - non-current liabilities
                          = 800000 - 600000 -80000
                         = ₹120000

* Total of asset side = Total of (equity + liabilities) side.

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