Calculate the total assets.

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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Accounting Ratios

Question:

Read the following information and answer the question.

PARTICULARS	AMOUNT (₹)
Equity share capital	15,00,000
General reserve	10,00,000
Profit and loss balance ( negative)	1,00,000
Debentures	10,00,000
Loan from bank	7,00,000
Current liabilities	4,00,000
Goodwill	5,00,000
Other non-current assets	22,00,000
Current assets	18,00,000

Calculate the total assets.

Options:

₹45,00,000

₹46,00,000

₹44,00,000

₹47,00,000

Correct Answer:

₹45,00,000

Explanation:

The correct answer is option 1- ₹45,00,000.

Total assets = Goodwill + other non current assets + current assets
= 5,00,000 + 22,00,000 + 18,00,000
= ₹45,00,000