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متابعة

ABC co. has a capital of Rs. 100,000,

<p>Long Term Liabilities Rs.50,000, net profit during the year Rs.15,000 and the amount of total liabilities is Rs175,000. What will be the amount of Current Liabilities? </p> <p>A) Rs.20,000 </p> <p>B) Rs.150,000 </p> <p>C) Rs.10,000 </p> <p>D) Rs.25,000</p>

user-image
تم إضافة السؤال من قبل Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh
تاريخ النشر: 2014/10/02
Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

according to the givens125000

Blessen Abraham
من قبل Blessen Abraham , Senior Finance Manager , Action Group Holding Co.

10000 current liabilities.......

مستخدم محذوف‎
من قبل مستخدم محذوف‎

RS.125,000

No option matches with the right answer

 

FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

ANSWER C 

10000 RS 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Assets = equity + amount of total liabilities 

Amount of total liabilities = long term liabilities + short term liabilities (current liabilities)

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

C) Rs.10,000

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Rs.10000/-

Sara Khan
من قبل Sara Khan , financial and admin assistant , Ministry Of Defence

C

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

Total liabilities = capital + long-term liabilities + Current Liabilities + profits 

Total liabilities - capital - long-term liabilities -alarabah = Current Liabilities 

- =10000

Ahmed Abdi Mahad
من قبل Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Given:

 

ABC capital = $100,000

 

LT liability = $50,000

 

Total liability = $175,000

 

Net income = $15,000

 

Required: Current liability?

Solution:

Current liability = Total liability - Long term liability

 

Current liability = $175,000 - $50,000

 

Current liability = $125,000

 

So, as you can see from the above calculation, none of the multiple choices given above can stand as an answer for total amount of the current liability. In other words, the multiple choices provided to answer this question is incomplete.

Recommendation

To provide an answer for this question, we need to choose one of the following two alternatives:

 

(1) An additional choice to be numbered as (choice E) is recommended to be provided either as:

 

E) $125,000   [OR]   

E) None of the above

 

(2) Another alternative answer may also be to use both of the two options given in the first alternative if and only if they are provided with different choices as:

 

E) $125,000     and    

F) None of the above

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟