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 |
Answer & explanation
Correct answer: option 3
Current liabilities = Total assets - shareholders funds - non-current liabilities
= 800000 - 600000 -80000
= ₹120000
* Total of asset side = Total of (equity + liabilities) side.