Question

. From the following information, find out Current Assets and Current Liabilities of Mr. Anil :- (a) Cash at bank 2,00,000. (b) Amount owed by Anil on A/c of goods purchased 4,00,000. (c) Stock in trade 10,000. (d) Stores & Spare parts 15,000. (e) Advance taken from customers 5,000. (f) Bank overdraft 10,000. (g) Creditors 20,000. (h) B/R 80,000. (i) Goodwill 70,000 (j) Unexpired insurance 10,000. (k) Next years’ interest received in advance 6,000. (l) Mortgage loan 17,000 (payable after 5 years) (m) Investments in fixed deposit 25,000. (maturing within 3 months)

Answer 1

Answer:

thanks bro for free points

Answer 2

Answer:

ANSWER IS 4MONTHS = 200000