Lesson eLearning

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?

easy 2 marks Class 12 · Accountancy · Financial Statements of a Company
Answer
₹715,000

The correct answer is ₹715,000 — Calculate the sum, which equals ₹715,000.

Step-by-step solution

  1. Identify the six components of current assets.
  2. Add them: ₹75,000+₹125,000+₹210,000+₹280,000+₹15,000+₹10,000.
  3. 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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