Calculate current liabilities from the f

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate current liabilities from the following information-

PARTICULARS	AMOUNT ( ₹)
Cost of revenue from operations	1800000
Inventory	360000
Trade receivables	170000
Marketable securities	50000
Cash and bank balance	20000
Trade payables	140000
Provision for tax	10000

Options:

₹100000

₹120000

₹150000

₹180000

Correct Answer:

₹150000

Explanation:

Current liabilities = Trade payables + Provision for tax
= 140000 + 10000
= ₹150000