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The fixed assets of a company is double of the current asset and half of captial. If the current asset are Rs300000 and investment Rs400000 calculate the current liabilities assume that there are no other items in the balance sheet.
Most Upvoted Answer
The fixed assets of a company is double of the current asset and half ...
Calculation of Fixed Assets and Capital
Calculation of Current Liabilities
Explanation
- Let x be the capital of the company
- Fixed Assets = 2 * Current Assets = 2 * Rs300000 = Rs600000
- Fixed Assets = 1/2 * Capital => Rs600000 = 1/2 * x => x = Rs1200000
Calculation of Current Liabilities
- Current Liabilities = Current Assets + Investment - Fixed Assets - Capital
- Current Liabilities = Rs300000 + Rs400000 - Rs600000 - Rs1200000
- Current Liabilities = Rs-100000
Explanation
- The question gives us information about the relationship between Fixed Assets, Current Assets, and Capital.
- Using this information, we can calculate the value of Capital.
- Then we can use the formula for Current Liabilities to calculate the value of Current Liabilities.
- The result we get for Current Liabilities is negative, which means that the company has more assets than liabilities.
- This is a good sign for the financial health of the company.
Community Answer
The fixed assets of a company is double of the current asset and half ...
as mentioned above fixed asset is double of current asset(300000) means fixed assets is 600000 then fixed capital is half of capital means capital is double of fixed assets which will be 1200000 and we have investment of RS 400000 so the total of asset side will be 1300000 and we have formula asset - capital = liabilities1300000-1200000= 100000
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The fixed assets of a company is double of the current asset and half of captial. If the current asset are Rs300000 and investment Rs400000 calculate the current liabilities assume that there are no other items in the balance sheet.
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