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Home Questions CBM28JP7D6
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

 

 

Amount of Total Current Assets are:

Options:

₹1,00,000

₹1,30,000

₹1,34,000

₹1,38,000

Correct Answer:

₹1,34,000

Explanation:

The correct answer is option 3- ₹1,34,000.

Current assets = Trade Receivables + Cash and Cash Equivalents + Inventories + Advance Tax
                      = 50,000 + 30,000 + 50,000 + 4,000
                      = 1,34,000

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