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
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.
Question : It refer to those assets which remain in the business for a period more than one year. Which type of asset is highlighted in the given statement?
Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?
Question : ---------------- are the assets which are likely to be converted into cash or cash equivalents within 12 months from the date of the Balance Sheet or within the period of an operating cycle.
Question : Which of the following statements is incorrect?
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