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Examveda

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as

A. Current assets

B. Fixed assets

C. Intangible assets

D. Investments

Answer: Option A

Solution(By Examveda Team)

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as Current assets. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.

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Comments ( 2 )

  1. Rohini Hiremath
    Rohini Hiremath :
    11 months ago

    Which is the golden rules of account

  2. Apratim Ghosh
    Apratim Ghosh :
    3 years ago

    What is current assets?

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