If the current assets and working capital of a concern are Rs. 80,000 and Rs. 50,000 respectively then current liabilities will be: a. Rs. 1,00,000. b. Rs. 70,000. c. Rs. 1,30,000. d. Rs. 30,000.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 16MC: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A....
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Please explain the solution to this financial accounting problem using the correct financial principles.

If the current assets and working capital of a concern are Rs. 80,000 and Rs. 50,000
respectively then current liabilities will be:
a. Rs. 1,00,000.
b. Rs. 70,000.
c. Rs. 1,30,000.
d. Rs. 30,000.
Transcribed Image Text:If the current assets and working capital of a concern are Rs. 80,000 and Rs. 50,000 respectively then current liabilities will be: a. Rs. 1,00,000. b. Rs. 70,000. c. Rs. 1,30,000. d. Rs. 30,000.
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