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

Liquid

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Current

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Fixed

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Non-Liquid

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Solution

The correct option is C Fixed
Assets which remain in the business for more than one year are known as fixed assets. Assets which remain in the business for a shorter duration are known as current assets.

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Fixed assets are those assets which remain in the business for more than a year. State true or false.

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