Examveda
Examveda

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).

This Question Belongs to Commerce >> Accounting

Join The Discussion

Comments ( 2 )

  1. Anand Gowrishankar
    Anand Gowrishankar :
    1 year ago

    Even while falling current assets first item will be treated as cash later next

  2. Anand Gowrishankar
    Anand Gowrishankar :
    1 year ago

    Current asset must be treated as cash it is always treated as liquid form .Gross or net working capital is Current assets-Current liability.

Related Questions on Accounting