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
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Answer: Option A
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
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Golden rules of accounts :-
1)personal account :- debit the receiver
Credit the giver
2)impersonal account :-
i) real account :-
Debit what comes in
Credit what goes out
ii) Nominal account :-
Debit the expense and losses
Credit the expense of income & gain
current assets
Which is the golden rules of account
What is current assets?