What is the current liabilities on this financial accounting question? If the current assets and working capital of a concern are Rs. 80,000 and Rs. 50,000respectively then current liabilities will be:a. Rs. 1,00,000.b. Rs. 70,000.c. Rs. 1,30,000.d. Rs. 30,000.

Step 1: Define Working CapitalThe working capital of a firm gives an estimate of the net funds…

Answered: If the current assets and working…

Principles of Accounting Volume 1

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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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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.