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The fixed asset of a company is double of the current assets and half of capital. If the current assets are Rs. 3,00,000 and investment Rs. 4,00,000, calculate the current liabilities assuming that there are no other items in the balance sheet. 
  • a)
    Rs. 2,00,000
  • b)
    Rs. 1,00,000
  • c)
    Rs. 3,00,000
  • d)
    Rs. 4,00,000
Correct answer is 'B'. Can you explain this answer?
Most Upvoted Answer
The fixed asset of a company is double of the current assets and half ...
Given:
Fixed Assets = 2 * Current Assets
Fixed Assets = (1/2) * Capital
Current Assets = Rs. 3,00,000
Investment = Rs. 4,00,000

To Find:
Current Liabilities

Solution:
Let's first calculate the value of Fixed Assets and Capital using the given information.

Fixed Assets = 2 * Current Assets
Fixed Assets = 2 * Rs. 3,00,000
Fixed Assets = Rs. 6,00,000

Fixed Assets = (1/2) * Capital
Rs. 6,00,000 = (1/2) * Capital
Capital = Rs. 12,00,000

Now, we can use the balance sheet equation to find the value of Current Liabilities.

Total Assets = Total Liabilities + Owner's Equity

Total Assets = Fixed Assets + Current Assets + Investment
Total Assets = Rs. 6,00,000 + Rs. 3,00,000 + Rs. 4,00,000
Total Assets = Rs. 13,00,000

Total Liabilities = Total Assets - Owner's Equity
Total Liabilities = Rs. 13,00,000 - Rs. 12,00,000
Total Liabilities = Rs. 1,00,000

Therefore, the value of Current Liabilities is Rs. 1,00,000.

Answer: Option (b) Rs. 1,00,000
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Community Answer
The fixed asset of a company is double of the current assets and half ...
B)1,00,000current asset=300000+fixed asset=600000+investment=400000-capital=1200000 Laibilities=100000
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The fixed asset of a company is double of the current assets and half of capital. If the current assets are Rs. 3,00,000 and investment Rs. 4,00,000, calculate the current liabilities assuming that there are no other items in the balance sheet.a)Rs. 2,00,000b)Rs. 1,00,000c)Rs. 3,00,000d)Rs. 4,00,000Correct answer is 'B'. Can you explain this answer?
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The fixed asset of a company is double of the current assets and half of capital. If the current assets are Rs. 3,00,000 and investment Rs. 4,00,000, calculate the current liabilities assuming that there are no other items in the balance sheet.a)Rs. 2,00,000b)Rs. 1,00,000c)Rs. 3,00,000d)Rs. 4,00,000Correct answer is 'B'. Can you explain this answer? 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 asset of a company is double of the current assets and half of capital. If the current assets are Rs. 3,00,000 and investment Rs. 4,00,000, calculate the current liabilities assuming that there are no other items in the balance sheet.a)Rs. 2,00,000b)Rs. 1,00,000c)Rs. 3,00,000d)Rs. 4,00,000Correct answer is 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The fixed asset of a company is double of the current assets and half of capital. If the current assets are Rs. 3,00,000 and investment Rs. 4,00,000, calculate the current liabilities assuming that there are no other items in the balance sheet.a)Rs. 2,00,000b)Rs. 1,00,000c)Rs. 3,00,000d)Rs. 4,00,000Correct answer is 'B'. Can you explain this answer?.
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