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The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it
Most Upvoted Answer
The fixed assets of the company is doubled of the current assets and h...
Solution:
Given,
Fixed Assets = 2(Current Assets)
Fixed Assets + Current Assets = 3(Current Assets)
Fixed Assets + Current Assets = 3(300000)
Fixed Assets + Current Assets = 900000
Also,
Fixed Assets = 0.5(Capital)
Capital = 2(Fixed Assets)
Capital = 2(0.5(Capital))
Capital = Fixed Assets
Total Assets = Fixed Assets + Current Assets
Total Assets = Fixed Assets + 300000
Total Assets = 900000 + 300000
Total Assets = 1200000
Total Liabilities = Total Assets - Capital
Total Liabilities = 1200000 - 400000
Total Liabilities = 800000
Therefore, the current liability of the company is 800000 assuming that there are no other items in the balance sheet.
Steps Involved:
1. Use the given information to find the value of Fixed Assets.
2. Use the value of Fixed Assets and Current Assets to find the Total Assets of the company.
3. Use the value of Fixed Assets to find the value of Capital.
4. Use the Total Assets and Capital to find the Total Liabilities of the company.
5. The value of Total Liabilities is the current liability of the company assuming there are no other items in the balance sheet.
HTML Code:
Steps Involved:
Answer:
Total Liabilities = Total Assets - Capital
Total Liabilities = 1200000 - 400000
Total Liabilities = 800000
Therefore, the current liability of the company is 800000 assuming that there are no other items in the balance sheet.
Given,
Fixed Assets = 2(Current Assets)
Fixed Assets + Current Assets = 3(Current Assets)
Fixed Assets + Current Assets = 3(300000)
Fixed Assets + Current Assets = 900000
Also,
Fixed Assets = 0.5(Capital)
Capital = 2(Fixed Assets)
Capital = 2(0.5(Capital))
Capital = Fixed Assets
Total Assets = Fixed Assets + Current Assets
Total Assets = Fixed Assets + 300000
Total Assets = 900000 + 300000
Total Assets = 1200000
Total Liabilities = Total Assets - Capital
Total Liabilities = 1200000 - 400000
Total Liabilities = 800000
Therefore, the current liability of the company is 800000 assuming that there are no other items in the balance sheet.
Steps Involved:
1. Use the given information to find the value of Fixed Assets.
2. Use the value of Fixed Assets and Current Assets to find the Total Assets of the company.
3. Use the value of Fixed Assets to find the value of Capital.
4. Use the Total Assets and Capital to find the Total Liabilities of the company.
5. The value of Total Liabilities is the current liability of the company assuming there are no other items in the balance sheet.
HTML Code:
Steps Involved:
- Use the given information to find the value of Fixed Assets.
- Use the value of Fixed Assets and Current Assets to find the Total Assets of the company.
- Use the value of Fixed Assets to find the value of Capital.
- Use the Total Assets and Capital to find the Total Liabilities of the company.
- The value of Total Liabilities is the current liability of the company assuming there are no other items in the balance sheet.
Answer:
Total Liabilities = Total Assets - Capital
Total Liabilities = 1200000 - 400000
Total Liabilities = 800000
Therefore, the current liability of the company is 800000 assuming that there are no other items in the balance sheet.
Community Answer
The fixed assets of the company is doubled of the current assets and h...
actually my procedure were right I just missed the investment so C.L=F.A.+C.A.+INVESTMENT- CAPITAL=600000+300000+400000-1200000=100000
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The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it
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The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it 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 The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it.
The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it 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 The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The fixed assets of the company is doubled of the current assets and half of the capital .if the current assets are 300000 and investment is 400000 calculate the current liability assuming that there is no other items in balance sheet .pls help guys to do it.
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