A current is either cash or an asset that can be sold and be converted into cash within a year and is often used to pay off current liabilities.

liabilities

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asset

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capital

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profit

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Solution

The correct option is B asset
A current asset is either cash or an asset that can be sold and be converted into cash within a year, and is often used to pay off current liabilities.

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Similar questions

___ refers to the investment in all the current assets such as cash, bills receivable, prepaid expenses, inventories, etc. These current assets get converted into cash within a year.

Current assets are those assets which get converted into cash:

(a) Within six months

(b) Within one year

(d) Between three and five years

___ assets are used up in the daily normal routine of the business which get converted into cash or cash equivalents within one year.

Q. Assets that a company expects to convert to cash to use within one year are called _________________.

Q. assets means cash or cash equivalents which can be easily converted to cash in a very short time.

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A current is either cash or an asset that can be sold and be converted into cash within a year and is often used to pay off current liabilities.

The correct option is B assetA current asset is either cash or an asset that can be sold and be converted into cash within a year, and is often used to pay off current liabilities.

The correct option is B asset
A current asset is either cash or an asset that can be sold and be converted into cash within a year, and is often used to pay off current liabilities.