The following information is obtained from the books of Devdutt Ltd. :Working capital - ₹ 4,00,000 Trade Payables - ₹ 50,000 Other Current liabilities - ₹ 1,00,000 Current assets of Devdutt Ltd. are :
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Working Capital = Current Assets - Current Liabilities
Therefore, Current Assets = Working Capital + Current Liabilities
Always include all current liabilities (Trade Payables, Outstanding Expenses, Bank Overdraft, etc.) when calculating total current liabilities.