The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as
A) Current assets
B) Fixed assets
C) Intangible assets
D) Investments
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A) current assets
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Hope this helps.... mark as brainliest answer
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Answer:
A) Current assets.
The assets that can be easily converted into cash within a short period i.e. 1 year or less are known as Current Assets.
Explanation:
Current assets will be having high liquidity. Therefore, termed as liquid assets.
Current assets and current liabilities play a vital role in calculation of working capital.
Current assets are assets were liquidity is high for the period of one operating cycle i.e. less than 12 months.
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