Accountancy, asked by ashishbajpai4788, 12 days ago

When is an asset shown as 'Current Asset' and when as 'Non-current Asset'?

Answers

Answered by sumansanjay92020

0

Answer:

Current assets are assets that are expected to be converted to cash within a year. Noncurrent assets are those that are considered long-term, where their full value won't be recognized until at least a year.

Explanation:

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