CA Foundation Exam > CA Foundation Questions > 20)Fixed assets are double the current assets...
Start Learning for Free
20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be?
Most Upvoted Answer
20)Fixed assets are double the current assets and half the capital. Th...
Solution:
Given,
Fixed assets = 2 x Current assets
Fixed assets = 2/1 x Capital
Current assets = Rs.3,00,000
Investments = Rs.4,00,000
Let's calculate the value of fixed assets and capital using the above data.
Fixed assets = 2 x Current assets
Fixed assets = 2 x Rs.3,00,000
Fixed assets = Rs.6,00,000
Fixed assets = 2/1 x Capital
Rs.6,00,000 = 2/1 x Capital
Capital = Rs.3,00,000
We have to find the current liabilities.
Let's calculate the total assets first.
Total assets = Fixed assets + Current assets + Investments
Total assets = Rs.6,00,000 + Rs.3,00,000 + Rs.4,00,000
Total assets = Rs.13,00,000
Now, let's calculate the value of total liabilities.
Total assets = Capital + Total liabilities
Rs.13,00,000 = Rs.3,00,000 + Total liabilities
Total liabilities = Rs.10,00,000
Finally, let's calculate the current liabilities.
Current liabilities = Total liabilities - Non-current liabilities
Non-current liabilities = Fixed assets - Investments
Non-current liabilities = Rs.6,00,000 - Rs.4,00,000
Non-current liabilities = Rs.2,00,000
Current liabilities = Rs.10,00,000 - Rs.2,00,000
Current liabilities = Rs.8,00,000
Therefore, the current liabilities recorded in the balance sheet will be Rs.8,00,000.
Explanation:
To find the current liabilities in the balance sheet, we need to calculate the total assets, total liabilities, and non-current liabilities first. Then we can use the formula Total liabilities = Capital + Total liabilities to find the value of total liabilities. After that, we can use the formula Non-current liabilities = Fixed assets - Investments to find the value of non-current liabilities. Finally, we can use the formula Current liabilities = Total liabilities - Non-current liabilities to find the value of current liabilities.
Given,
Fixed assets = 2 x Current assets
Fixed assets = 2/1 x Capital
Current assets = Rs.3,00,000
Investments = Rs.4,00,000
Let's calculate the value of fixed assets and capital using the above data.
Fixed assets = 2 x Current assets
Fixed assets = 2 x Rs.3,00,000
Fixed assets = Rs.6,00,000
Fixed assets = 2/1 x Capital
Rs.6,00,000 = 2/1 x Capital
Capital = Rs.3,00,000
We have to find the current liabilities.
Let's calculate the total assets first.
Total assets = Fixed assets + Current assets + Investments
Total assets = Rs.6,00,000 + Rs.3,00,000 + Rs.4,00,000
Total assets = Rs.13,00,000
Now, let's calculate the value of total liabilities.
Total assets = Capital + Total liabilities
Rs.13,00,000 = Rs.3,00,000 + Total liabilities
Total liabilities = Rs.10,00,000
Finally, let's calculate the current liabilities.
Current liabilities = Total liabilities - Non-current liabilities
Non-current liabilities = Fixed assets - Investments
Non-current liabilities = Rs.6,00,000 - Rs.4,00,000
Non-current liabilities = Rs.2,00,000
Current liabilities = Rs.10,00,000 - Rs.2,00,000
Current liabilities = Rs.8,00,000
Therefore, the current liabilities recorded in the balance sheet will be Rs.8,00,000.
Explanation:
To find the current liabilities in the balance sheet, we need to calculate the total assets, total liabilities, and non-current liabilities first. Then we can use the formula Total liabilities = Capital + Total liabilities to find the value of total liabilities. After that, we can use the formula Non-current liabilities = Fixed assets - Investments to find the value of non-current liabilities. Finally, we can use the formula Current liabilities = Total liabilities - Non-current liabilities to find the value of current liabilities.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be?
Question Description
20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be?.
20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be?.
Solutions for 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? defined & explained in the simplest way possible. Besides giving the explanation of
20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be?, a detailed solution for 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? has been provided alongside types of 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? theory, EduRev gives you an
ample number of questions to practice 20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup