CA Foundation Question  >  Can you explain the answer of this question b... Save

Related Test

Can you explain the answer of this question below:
 If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?
  • A:
    Rs. 10,000
  • B:
    Rs. 40,000
  • C:
    Rs. 80,000
  • D:
    Rs. 1,00,000
The answer is a.

Answers

According to the accounting equation:
Owner's capital= Assets- Liabilities
50,000= (70,000+ current assets)- 30,000
Current Assets= Rs. 10,000

1 Crore+ students have signed up on EduRev. Have you?
Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a.
Capital+ liability = current assets+fixed assets 50000+3000= 70000+Current Assets current assets = 80000-70000 =10000

View courses related to this question
Explore CA Foundation courses
Explore CA Foundation courses
View courses related to this question
It is so simple....... 50000 + 30000 - 70000 = 10000..... prepare Balance sheet for better understanding :)

Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a.
10000 Total capital + liability - Fixed asstes

C+L=A

Liabilities. Assets
Captial 50,000. Fixed assets 70,000
Liability 30,000. Current assets 10,000 (bal fig.)
80,000. 80,000

Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a.
ANS. (A)
Current Assets=Capital+liability - Fixed Assets
CR = 50000 + 30000- 70000
Hence Ans. CURRENT ASSETS= 10000

50000+30000=80000........- 70000=10000

Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a.
Very simple
owner's capital refers to amount of assets left with owner
so here, owner's capital = Assets - liabilities
50,000 =(70,000+current assets)- 30,000
=> 80,000-70,000 =10,000.
therefore, option a is correct.

The balance sheet should always have equal asset to liabilities along with capital then (liabilities) 30000+(capital)50000=(assets)70000+(current assets)x
50000+30000-70000=10000(current assets)

Question Description
Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. for CA Foundation 2023 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. covers all topics & solutions for CA Foundation 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a..
Solutions for Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. 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 Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. defined & explained in the simplest way possible. Besides giving the explanation of Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a., a detailed solution for Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. has been provided alongside types of Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. theory, EduRev gives you an ample number of questions to practice Can you explain the answer of this question below:If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fixed assets is Rs. 70,000, then what is the value of current assets?A:Rs. 10,000B:Rs. 40,000C:Rs. 80,000D:Rs. 1,00,000The answer is a. tests, examples and also practice CA Foundation tests.
According to the accounting equation:Owners capital= Assets- Liabilities50,000= (70,000+ current assets)- 30,000Current Assets= Rs. 10,000