Question

A firm had current asset of 410000 . It then paid creditors of 50000

Answer 1

Answer:

Ascertain the amount of current liabilities and working capital after the payment. Current assets after payment of 50,000 : 4,10,000 - 50,000(Cash Given) = Rs3,60,000 . Current assets after payment of 50,000 : 4,10,000 - 50,000 =3,60,000 .

Explanation:

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