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