The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as -----.
AFixed assets
BCurrent assets
CIntangible assets
DLong-term liabilities
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Related Questions:
Everything a firm owns, it also owns out to somebody. This co-incidence is explained by the
concept.
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Identify the relevant accounting principle.
The primary difference between bookkeeping and accounting is that:
Revenue is generally recognized at the point of sale denote the concept of ---.
When goods purchased are returned to the supplier, it is referred to as: