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A company’s current assets at 31 March 2026 are: cash ₹90,000, bank ₹150,000, inventories ₹260,000, trade receivables ₹310,000, prepaid expenses ₹20,000, short‑term loan receivable ₹15,000. What is the total current assets?

easy MCQ 2 marks Class 12 · Accountancy · Financial Statements of a Company
  1. ₹8,45,000
  2. ₹9,35,000
  3. ₹7,45,000
  4. ₹8,55,000
Answer
₹8,45,000

The correct answer is ₹8,45,000 — Total current assets = ₹845,000 (₹8,45,000).

Step-by-step solution

  1. Add cash and bank: ₹90,000 + ₹150,000 = ₹240,000.
  2. Add inventories: ₹240,000 + ₹260,000 = ₹500,000.
  3. Add trade receivables: ₹500,000 + ₹310,000 = ₹810,000.
  4. Add prepaid expenses: ₹810,000 + ₹20,000 = ₹830,000.
  5. Add short‑term loan receivable: ₹830,000 + ₹15,000 = ₹845,000.
  6. Total current assets = ₹845,000 (₹8,45,000).
Common mistake: Adding amounts in wrong order or misplacing commas

Concept tested: Current assets total

Published · How this solution was prepared and checked

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