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 shareholder's funds.

Options:

₹17,00,000

₹18,00,000

₹20,00,000

₹24,00,000

Correct Answer:

₹24,00,000

Explanation:

The correct answer is option 4- ₹24,00,000.

Shareholder's funds = Equity share capital +  general reserve - profit and loss balance(negative balance)
                                = 15,00,000 +10,00,000 - 1,00,000
                                = ₹24,00,000