The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as, | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,

(A) Current assets
(B) Fixed assets
(C) Intangible assets
(D) Investments

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✅ Correct Answer: (A) Current assets

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