Internal reconstruction

Accountancy

In this question taxation liability is 1,50,000 settlement ho rahi hai....but na hi cash balance hai or na hi investment sell hui hai or na hi bank overdraft Li hai hai to uska settlement kaise hoga

Rick Y

CA Final

★ 2K+

24-Jun-22 14:56

484

Answers (1)

Current Assets include many items like cash, bank, debtors, inventory etc. So we can presume that the current assets amount of Rs. 1 crore includes Cash & Bank. So now the company has enough bank balance to settle tax liability

Nivetha K

CA Final

★ 5

24-Jun-22 15:44