A company’s current assets at 31 March 2026 are: cash ₹75,000, bank ₹125,000, inventories ₹210,000, trade receivables ₹280,000, prepaid insurance ₹15,000, short‑term loan receivable ₹10,000. What is the total current assets?
Answer
₹715,000
The correct answer is ₹715,000 — Calculate the sum, which equals ₹715,000.
Step-by-step solution
- Identify the six components of current assets.
- Add them: ₹75,000+₹125,000+₹210,000+₹280,000+₹15,000+₹10,000.
- Calculate the sum, which equals ₹715,000.
Common mistake: Omitting one of the asset components or mis‑adding values
Concept tested: Calculating total current assets
Published · How this solution was prepared and checked
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