Calculate total assets of the company.

CUET Preparation Today

Start Free Mocks

Home Questions HXXHQPQJ6Q

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Read the following information and answer the following question.

PARTICULARS	AMOUNT (₹)
Gross profit	₹1,00,000
Working capital	₹25,000
Office and administrative expenses	₹10,000
Selling and distribution expenses	₹25,000
Interest on long-term debts	₹8,000
Tax	₹12,000
Non-current assets	₹3,00,000
Current assets	₹1,50,000
Current liabilities	₹1,25,000

Calculate total assets of the company.

Options:

₹5,50,000

₹4,50,000

₹6,50,000

₹4,00,000

Correct Answer:

₹4,50,000

Explanation:

The correct answer is option 2- ₹4,50,000

Total assets = Non-current assets + Current assets
= ₹3,00,000 + ₹1,50,000
= ₹4,50,000