Question

20)Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
show the sum​

Answer 1

Answer:

Current Liabilities = 1,00,000

Explanation:

Fixed asset twice Current asset

3,00,000 * 2 = 6,00,000

Fixed asset is half of capita i.e capital is twice of of Fixed Asset

capital = 6,00,000*2 = 12,00,000

Balance sheet

Liabilities. ₹ assets. ₹

Capital. 12,00,000. fixed asset. 6,00,000

current lia. 1,00,000 Investment 4,00,000

(bal. fig.). Current assets 3,00,000

13,00,000. 13,00,000