What will be the total debts if the Non-current Assets of a firm are ₹26,00,000, Current Assets are ₹9,00,000 and Shareholders' Funds are ₹21,50,000?
Answer & explanation
Correct answer: option 4
TOTAL ASSETS= Non-current asset + Current asset
= 2600000 + 900000
= ₹3500000
TOTAL DEBTS= Total asset - Shareholders funds
= 3500000- 2150000
= ₹1350000