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प्रश्न
Explain current assets with an example.
थोडक्यात उत्तर
उत्तर
- Current assets are assets that are expected to be converted into cash or used up within one year or within the business's normal operating cycle, whichever is longer. They are essential for managing day-to-day operations and maintaining liquidity.
- Stock trade, debtors, bills receivable, bank balance are some examples of current assets.
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Classification of Assets and Liabilities
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संबंधित प्रश्न
What are liquid assets?
What are contingent liabilities?
Give two examples of fictitious assets.
Mention two contingent liabilities.
Give a classification of assets.
Give one example of fictitious assets.
Give one difference between fixed assets and current assets.
Name the different types of liabilities.
Explain Asset.
Explain Liability.
