Question

ABC Co. has current assets of Rs. 50,000 and total assets of Rs. 1,50,000. ABC has current liabilities of Rs. 30,000 and total liabilities of Rs. 80,000. What is the amount of ABC's Shareholders' Fund?

• A. Rs. 20,000
• B. Rs. 30,000
• C. Rs. 70,000
• D. Rs. 1,20,000

Answer 1

The correct option is C

Rs. 70,000

Rs. 70,000.
Total assets of 1,50,000 minus total liabilities of 80,000 equal Shareholders' Funds of 70,000.