Business Studies, asked by Anash2092, 11 months ago

Define a ‘current asset’. Give four examples of such assets.

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Answered by pakumar26052000

A current asset is an item on an entity's balance sheet that is either cash, a cash equivalent, or which can be converted into cash within one year. ... Examples of current assets are: Cash, including foreign currency. Investments, except for investments that cannot be easily liquidated.

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