give two example of current aessts
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Current Assets :-
Current assets are those assets which are meant for sale or which the management would want to convert into cash within one year....
These assets are also termed as " Short-lived or Active Assets ".....
FOR EXAMPLE
▪ Debtors
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Example
Good purchase for the purpose of resell and earn profit debtors exist to convert them into cash
Good purchase for the purpose of resell and earn profit debtors exist to convert them into cash
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