If the difference between current assets and current liabilities is 67.2, bill payable 147.7, creditors 30, prepaid expenses 10, then what is the total current assets? Select one Oa. All the given choices are not correct Ob. 187.70 Oc 244.90 Od. 9720 Oe 254.90

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is