| From the following, calculate current assets: |
| Cash balance Rs. 5,000 |
| Trade payable Rs. 40,000 |
| Inventory Rs. 50,000 |
| Trade receivable Rs. 65,000 |
| Prepaid expenses Rs. 10,000 |
| Creditors Rs. 30,000 |
A) Rs. 1,25,000
B) Rs. 1,30,000
C) Rs. 1,60,000
D) Rs. 1,20,000
Correct Answer: B
Solution :
| [b] Rs. 1,30,000 |
| Hint: Current Assets = Cash + Inventory + Trade Receivable + Prepaid Expenses |
| = 5,000 + 50,000 + 65,000 +10,000 = Rs. 1,30,000 |
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