Calculate the total current assets of XYZ Ltd. on 31 March 2026. The current assets are: cash ₹90,000; bank balance ₹120,000; inventories ₹260,000; trade receivables ₹300,000; prepaid insurance ₹20,000; short‑term loan receivable ₹15,000.
Answer
₹805,000
The correct answer is ₹805,000 — Add short‑term loan receivable:
Step-by-step solution
- Add all current asset components:
- Add inventories:
- Add trade receivables:
- Add prepaid insurance:
- Add short‑term loan receivable:
Common mistake: Forgetting to include prepaid insurance
Concept tested: Current asset aggregation
Published · How this solution was prepared and checked
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