Which of the following is classified under current assets
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Correct Answer: Option C
Explanation:
A current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle. it is the cash and other assets that are expected to be converted to cash within a year.
A current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle. it is the cash and other assets that are expected to be converted to cash within a year.