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:
Answer & explanation
Correct answer: option 3
The correct answer is option 3- ₹80,000.
Quick assets = Trade Receivables + Cash and Cash Equivalents
= 50,000 + 30,000
= 80,000