BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following group belongs to current assets?
|
|
Cash at bank, motor vehicle, inventories
|
|
|
Account receivable, inventories, cash at bank
|
|
|
Cash in hand, furniture, inventories
|
|
|
Land, building, machinery
|
Explanation:
Detailed explanation-1: -Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
Detailed explanation-2: -Inventory is classified as a current asset because it typically can be sold within one year.
Detailed explanation-3: -What are some examples of current assets? Some examples of current assets include cash, cash equivalents, short-term investments, accounts receivable, inventory, supplies, and prepaid expenses.
There is 1 question to complete.