Calculate current assets from the follow

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

Calculate current assets 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:

₹500000

₹550000

₹600000

₹650000

Correct Answer:

₹600000

Explanation:

Current assets= Inventory + trade receivables + marketable securities + cash and bank balance
= 360000 + 170000 +50000 + 20000
= ₹600000