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Home Questions BASJYKRJA6
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

 

 

Quick Assets of the firm are:

Options:

₹1,34,000

₹84,000

₹80,000

₹30,000

Correct Answer:

₹80,000

Explanation:

The correct answer is option 3- ₹80,000.

Quick assets = Trade Receivables + Cash and Cash Equivalents
                   = 50,000 + 30,000
                   = 80,000

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