Multiple Choice
The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as
A) Current assets
B) Fixed assets
C) Intangible assets
D) Investments
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: Real accounts records<br>A)Dealings with creditors or debtors<br>B)Dealings
Q13: Debit the receiver & credit the giver
Q14: Business enterprise is separate from its owner
Q15: Small items like, pencils, pens, files, etc.
Q16: A trader has made a sale of
Q18: The comparison of financial statement of one
Q19: Which of the following is not a
Q20: Which accounting concept satisfy the valuation criteria?<br>A)Going
Q21: Fixed assets are held by business for
Q22: Long term assets having no physical existence