Question

Current Assets group includes following subgroups: (Choose any three correct options)
a) Sundry Debtors
b) Bank accounts
c) Provisions
d) Stock
e) Sundry Creditors
f) Bank O/D

Answer 1

Ans is a d and f
Please mark as brain

Answer 2

Current assets group includes Sundry debtors, stock and bank O/D.

Current assets are referred to cash or any other assets that have a high possibility of being converted to cash within a period of one year.

In other words, assets of a short duration of time are called current assets.

For example: short term investments, supplies, prepaid liabilities, etc.