Multiple Choice Questions on Current Assets Rs 85 000 Inventory Rs 22 000 Prepaid Expenses Rs 3 000 Then liquid assets will be ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Current Assets Rs 85 000 Inventory Rs 22 000 Prepaid Expenses Rs 3 000 Then liquid assets will be ........

General Accounting Principles Ratio analysis 
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    Current Assets Rs 85,000; Inventory Rs 22,000; Prepaid Expenses Rs 3,000. Then liquid assets will be :

    Rs 63,000

    Incorrect Answer

    Rs 60,000

    Correct Answer

    Rs 82,000

    Incorrect Answer

    Rs 1,10,000

    Incorrect Answer
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    Explanation:

     liquid assets =current asset- inventory-prepaid expenses

    liquid assets= Rs 85,000 - Rs. 22,000- Rs3,000 = Rs. 60,000

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