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Which of the following is classified under current assets

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Commerce WAEC 2015

Which of the following is classified under current assets

  • machinery
  • motor vehicle
  • stock checkmark
  • fittings

The correct answer is: 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.

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