…………….assets are those which in the ordinary course of business can be converted into cash within a short period of time.
A)current
B)non current
C)both of these
D)none of these

Question

Quizplus · Accepted Answer

Current assets are those assets that are expected to be sold or used up within one year or one operating cycle, whichever is longer, and include cash, inventory, and accounts receivable, among others. They are distinguished from non-current assets by their liquidity and the intention of the business to convert them into cash within a short period.

……………Assets Are Those Which in the Ordinary Course of Business