Calculate shareholder's funds from the f

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate shareholder's funds 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:

₹1700000

₹1800000

₹2000000

₹2400000

Correct Answer:

₹2400000

Explanation:

Shareholder's funds= Equity share capital + general reserve - profit and loss balance(negative balance)
= 1500000 +1000000 - 100000
= ₹2400000