Question

Q.23 :-Which of the following are included in Current Assets?
A. Cash
B. Cash and Stock
C. Bank Balance and Creditors
D. Prepaid expenses, cash and bank
E. Debtors and Bank overdraft

Answer 1

Answer:

Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for the ongoing operating expenses.

Explanation:

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Answer 2

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