Calculate the total assets from the foll

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate the total assets from the following information.

PARTICULARS	AMOUNT (₹)
Equity share capital	1500000
General reserve	1000000
Profit and loss balance ( negative)	100000
Debentures	1000000
Loan from bank	700000
Current liabilities	400000
Goodwill	500000
Other non-current assets	2200000
Current assets	1800000

Options:

₹4500000

₹4600000

₹4400000

₹4700000

Correct Answer:

₹4500000

Explanation:

Total assets = Goodwill + other non current assets + current assets
= 500000 + 2200000 + 1800000
= ₹4500000