One of these is a current asset

One of these is a current asset

  • A.
    Fittings
  • B.
    Machineries
  • C.
    Motor vehicles
  • D.
    stock
Correct Answer: Option D
Explanation

Current assets is a balance sheet item that represents the value of all assets that can reasonably be expected to be converted into cash within one year. Example is stock

stock is a current asset because it can easily be convertible to cash

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