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
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.
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
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)
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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
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