Question

what is the reason involved in classifying the assets into current and non - current????​

Answer 1

Answer:

Answer:Classification of assets into current and non-asset helps in ascertaining the liquidity position of the business entity. Non-current assets are held for continued use in the business whereas current assets are expected to be converted into cash within one year.

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Answer 2

Answer:

Classification of assets into current and non-asset helps in ascertaining the liquidity position of the business entity. Non-current assets are held for continued use in the business whereas current assets are expected to be converted into cash within