One of these is a current asset
COMMERCE
JAMB 2023
One of these is a current asset
- A. machineries
- B. fittings
- C. stock
- D. motor vehicles
Correct Answer: C. stock
Explanation
Current Assets is an account listed on a balance sheet that shows the value of the assets owned by a company that can be converted to cash through liquidation, use, or sales within one year. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
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