Practicing Success

Register
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions MEQQDGMQMD
Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Read the following information and answer the question.

PARTICULARS AMOUNT (₹)
Share capital 30,00,000
Securities premium reserve 2,00,000
Reserves and surplus 10,00,000
Loan from IFCI @10% 20,00,000
5% Bonds 25,00,000
Long term provision 3,00,000
Short term provision 1,00,000
Short term borrowings 4,00,000
Trade payables 5,00,000

Calculate long-term debts from the following information.

Options:

₹48,00,000

₹40,00,000

₹42,00,000

₹50,00,000

Correct Answer:

₹48,00,000

Explanation:

The correct answer is option 1- ₹48,00,000.

Long-term debts = loan + bonds + long-term provision
                           = 20,00,000 + 25,00,000 + 3,00,000
                           = ₹48,00,000

CUET Questions