Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?
Option 1: Fixed asset
Option 2: Tangible asset
Option 3: Current asset
Option 4: Intangible asset
Correct Answer: Current asset
Solution : Current assets are usually more liquid but contribute less to profits than fixed assets. Insufficient investment in current assets make it more difficult for an organisation to meet its payment obligations. However these assets provide little or low return.
Hence, option C 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 : 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?
Question : Goodwill is
Question : Goodwill and copyright are examples of which assets?
Question : Creditors are
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