Accountancy, asked by krish7045, 1 year ago

Which of the following is a current asset?
a) Land b) Building
c) Cash at bank d) Machinery

Answers

Answered by jayedBinIslam

Answer:

land is a current asset

Explanation:

land is a fixed asset, which means that its expected usage period is expected to exceed one year. Since assets are only include in the current assets classifacation if there is an expection that they will be liquidated within one year,land should not be classifief as a current asset

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