Current assets are those assets which get converted into cash:

within six months

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between three and five years

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between one and three years

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within one year

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Solution

The correct option is D
within one year

These are the assets which can be converted into cash and cash equivalents within one year in the normal routine of business. e.g. inventories, debtors, bills receivable etc.

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Similar questions

Current assets are those assets which get converted into cash:

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Current assets are those assets which get converted into cash

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Current assets are those assets which get converted into cash:

The correct option is D within one year These are the assets which can be converted into cash and cash equivalents within one year in the normal routine of business. e.g. inventories, debtors, bills receivable etc.

The correct option is D
within one year

These are the assets which can be converted into cash and cash equivalents within one year in the normal routine of business. e.g. inventories, debtors, bills receivable etc.