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Question:

Define current assets? Give four examples of such assets.

Answer:

Current assets refer to those assets held in a business which can be converted in the form of cash within a period of one year. These assets are more liquid but less profitable. Examples of current assets are:

  1. Cashinhand/cashatbank
  2. Bills receivables
  3. Debtors
  4. Raw materials


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  • Answered by Ekta Mehta
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  • Answered by Ekta Mehta
  • 4 months ago

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