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A firm had current asset of 4,10,000. It then paid trade payable of 50,000. After this payment, the current ratio was 2.4:1. Ascertain the amount of current liability and working capital after the payment. [ Current Liability = 1,50,000 ; Working Capital = 2,10,000 ]

Posted by Rashmi Raj 2 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 2 years, 6 months ago

current assets = 410000

current assets after payment (410000-50000) = ₹360000

current ratio = current assets/current liabilities

2:4 = 360000/current liabilities current liabilities = ₹150000

working capital = current assets - current liabilities

working capital = 360000 - 150000 = ₹210000

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