Question

(4) A company issued 3,000 equity shares of Rs 10 each and received
Applications for 3.500 equity shares. The shares were allotted on
pro-rata basis findout the amount adjusted against allotment money
if applicable money received per share was Rs 2.50.
(5) Current assets of the company isRs. 50,000 and current ratio is 2:1.
Find out the current liabilities.​

Answer 1

Answer:

5 . the current rato is current asset / current lia

2/1 = 50000 / c.l

c.l =. 50000/2

25000