Practice question
Question
What will be the amount shown under the head current assets when the following data is given?
Inventories = ₹ 2,30,000
Trade Receivables = ₹ 70,000
Cash and Cash Equivalents = ₹ 50,000
Current Investments = ₹ 50,000
Explanation
₹ 4,00,000 correct accounting fundamental; capital revenue classification per accounting principles.
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