Multiple choice

Which Assets are classifed as Fixed and Current Assets?

  1. Only Current Assets

  2. Only fixed assets

  3. Only past assets

  4. Fixed and Current Assets

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 Fixed Assets are meant for long term use Such as Land, Building and Plant and Machinery etc. While Current Assets are either Cash or Cash Equivalent Or can be converted into Cash within one year

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