When Elisabeth calculates the current assets for her picture framing business,she should not include:
A) accounts payable
B) accounts receivable
C) notes payable
D) the money in her cash register
E) the store's inventory of frames

Question

Quizplus · Accepted Answer

Current assets include cash, accounts receivable, merchandise inventory, and anything that can readily be turned into cash.

When Elisabeth Calculates the Current Assets for Her Picture Framing