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Question

Assets which remain in the business for less than one year are known asassets.

A
Liquid
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B
Non-Liquid
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C
Fixed
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D
Current
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Solution

The correct option is D Current
Assets which remain in the business for less than one year are known as current assets. Liquid assets are those which can be readily converted to cash. Non-liquid assets are those which are not easily converted to cash.

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