Question : Which of the following statements is correct?
Option 1: Total Assets = Non-Current Assets (Tangible Assets + Intangible Assets + Non-Current Investments + Long Term Loans & Advances) + Current Assets
Option 2: Debt = Long Term Borrowings + Long Term Provisions
Option 3: Examples of Debts are Debentures, Mortgage Loan, Bank Loan, Loans from financial institutions and Public Deposits etc
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer - All of the above.
Total Assets = Non-current Assets + C.Assets
DEBT = Long-term Provision + Long-term Borrowings.
Examples of long-term debt are Debentures, Mortgage loans, Bank Loans, Loan from financial institutions and Public Deposit. Hence, the correct option is 4.
Question : Fixed Assets (Gross) RS. 10,00,000; Accumulated Depreciation RS. 5,00,000; Non-Current Investments RS. 50,000; Long-term Loans and Advances RS. 2,00,000; Current Assets RS. 2,50,000; Current Liabilities RS. 10,00,000; Long-term Borrowings RS. 3,25,000; Long-term Provisions RS.
Question : Which of the following statements is false?
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