Accounts receivable & inventory are the examples of
A. Current assets
B. Liquid asset
C. Fixed asset
D. Capital asset
Answer: Option A
Solution(By Examveda Team)
Accounts receivable & inventory are the examples of Current assets. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for the ongoing operating expenses.This Question Belongs to Commerce >> Accounting
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