which of these will following should be classified as current assets?
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Answer = Current assets would include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
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Explanation:
Current Assets are all those assets as mention in Ind AS 7 which have high liquidity and can be converted into cash within a short duration of time generally within 1 year. For eg. Cash, Bank, Demand Drafts, Demand Deposits, Marketable Securities, Short term Investments (for 3 months), Accounts receivable, Treasury Bills, Commercial Paper etc.
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