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 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
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fix...
According to the accounting equation:

Owner's capital= Assets- Liabilities

50,000= (70,000+ current assets)- 30,000

Current Assets= Rs. 10,000 

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If owner’s capital is Rs. 50,000 liability is Rs. 30,000 and fix...
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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. 1,00,000Correct answer is option 'A'. Can you explain this answer?
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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. 1,00,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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. 1,00,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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. 1,00,000Correct answer is option 'A'. Can you explain this answer?.
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