Question : It refers to those assets which are expected to get converted into cash or cash equivalents within a period of one year. Which type of assets is highlighted in the given statement?
Option 1: Current assets
Option 2: Fixed assets
Option 3: Tangible assets
Option 4: Intangible assets
Answer (1)
14th Jan, 2024
Correct Answer: Current assets
Solution : Current assets referred to those assets which are expected to get converted into cash or cash equivalents with an period of one year.
Hence, option A is correct.
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