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Non-Current Assets

Capital advan...

Question

Capital advances are advances given for procurement of fixed assets which are ___

A

Current assets

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B

Non current assets

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C

Current liabilities

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D

None of these

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Solution

The correct option is B
Non current assets

Capital advances are advances given for procurement of fixed assets which are non-current assets.

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Similar questions

Q. From the Balance Sheet given below, calculate:
(i) Fixed Assets
(ii) Current Assets
(iii) Current Liabilities
(iv) Working Capital

Balance Sheet as at 31^st March, 2018
Liabilities	₹	Assets	₹
Trade Creditors	42,000	Stock in Hand	48,000
Expenses Accrued	3,200	Debtors	36,000
Bank Overdraft	4,800	Prepaid Expenses	400
Long-Term Loan	20,000	Goodwill	20,000
Interest on Loan	1,000	Land	20,000
Capital	93,400	Plant	32,000
		Furniture	8,000
	1,64,400		1,64,400

Q. From the following information, calculate Total Assets to Debt Ratio:

	₹			₹
Fixed Assets (Gross)	6,00,000		Accumulated Depreciation	1,00,000
Non-current Investments	10,000		Long-term Loans and Advances	40,000
Current Assets	2,50,000		Current Liabilities	2,00,000
Long-term Borrowings	3,00,000		Long-term Provisions	1,00,000

Q. Calculate Debt to Equity Ratio from the following information:

	₹			₹
Fixed Assets (Gross)	8,40,000		Current Assets	3,50,000
Accumulated Depreciation	1,40,000		Current Liabilities	2,80,000
Non-current Investments	14,000		10% Long-term Borrowings	4,20,000
Long-term Loans and Advances	56,000		Long-term Provisions	1,40,000

___________ = Non current assets + current assets - current liabilities.

Q. Fixed Assets = Rs. 5,50,000, Currecnts assets = Rs. 2,25,000, Current liabilities = Rs. 1,50,000, bank loan = Rs. 1,75,000. Capital =?

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