All those assets which are converted into cash in the normal course of business within one year are known as __________.
A. fixed assets.
B. current assets.
C. fictitious assets.
D. wasting assets.
Answer:B
All those assets which are converted into cash in the normal course of business within one year are known as __________.
A. fixed assets. B. current assets. C. fictitious assets. D. wasting assets.