Multiple choice

Which of the following are current assets?

  1. Long term investments

  2. Bank loans for three years

  3. Debentures seeking fund investment

  4. Accounts receivable
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Accounts receivable are amounts owed by customers for goods or services sold on credit and are expected to be converted into cash within one year, making them current assets.

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