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Give the word term or phrase which can substitute the following statement: Assets which remain in the business for only for short time and can be converted into cash very easily. - Book Keeping and Accountancy

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Question

Give the word term or phrase which can substitute the following statement:

Assets which remain in the business for only for short time and can be converted into cash very easily.

One Word/Term Answer

Solution

Assets which remain in the business for only for short time and can be converted into cash very easily. - Current assets

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Accounting Concepts, Conventions and Principles
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Chapter 1: Introduction to Book - Keeping and Accountancy - EXERCISE [Page 16]

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Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 2. 9) | Page 16
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