Read the following passage and answer the following question.
The following items are given in the company statements-
Loose tools- ₹1,20,000
Goods in transit- ₹5,00,000
Prepaid expenses- ₹15,000
Interest accrued on investments - ₹10,000
Deferred Tax assets- ₹2,00,000
What is the total of other current assets that will be shown in the company's balance sheet?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- ₹25,000.
Other current assets = Prepaid expenses + Interest accrued on investments
= 15,000 + 10,000
= ₹25,000