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
Q1: Accounting furnishes data on
A)Income and cost for
Q2: Long term assets having no physical existence
Q4: The debts which are to be repaid
Q5: The following is not a type of
Q6: Any written evidence in support of a
Q7: The accounts that records expenses, gains and
Q8: Real accounts records
A)Dealings with creditors or debtors
B)Dealings
Q9: Which accounting concept satisfy the valuation criteria?
A)Going
Q10: A trader has made a sale of
Q11: A trader purchases goods for Rs. 2500000,
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