Current assets are also known as
A. Gross working capital
B. Invested capital
C. Assets
D. Cash
Answer: Option A
Solution(By Examveda Team)
Current assets are also known as Gross working capital. Gross working capital is the sum of all of a company's current assets (assets that are convertible to cash within a year or less).Join The Discussion
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Related Questions on Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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Even while falling current assets first item will be treated as cash later next
Current asset must be treated as cash it is always treated as liquid form .Gross or net working capital is Current assets-Current liability.