Multiple Choice Questions on Total assets Rs 50 000 Preliminary expenses Rs 2 000 Bank overdraft Rs 8 000 current liabilities Rs ........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

Total assets Rs 50 000 Preliminary expenses Rs 2 000 Bank overdraft Rs 8 000 current liabilities Rs ...........

Finance( Revenue Account ) Cost of capital
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    Total assets Rs. 50,000; Preliminary expenses Rs. 2,000; Bank overdraft Rs. 8,000; current liabilities Rs. 10,000; then Book Value of business will be:

    Rs. 42,000

    Incorrect Answer

    Rs. 40,000

    Incorrect Answer

    Rs. 30,000 

    Incorrect Answer

     Rs. 38,000

    Correct Answer
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    Explanation:

    Book Value of Business = Total assets excluding Fictitious assets – Outside liabilities

    = 50,000 (-) 2,000  (-) 10,000 = 38,000

    By: Vikas Goyal
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    Tanumittal

    Is bank overdraft doesn't be considered to be included in current liabilities.

    0 0 reply
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