Question

Cash received by converting an asset into cash is reflected in?

Answer 1

Answer:

h no no no no no no no no no no no no no no no no

Answer 2

Answer:

Current assets are assets that can be converted into cash within one fiscal year or one operating cycle. Current assets are used to facilitate day-to-day operational expenses and investments. As a result, short-term assets are liquid meaning they can be readily converted into cash.

Hence, current assets which get converted into cash within one year.

Explanation:

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