The assets that can be converted into each within a short period (i.e. 1 year or less ) are known as:
The assets that can be converted into each within a short period (i.e. 1 year or less ) are known as:
وہ اثاثے جو ایک مختصر مدت میں ہر ایک میں تبدیل کیے جاسکتے ہیں (یعنی 1 سال یا اس سے کم) کے طور پر جانا جاتا ہے
Explanation
Current assets: Assets that can be converted into cash easily within a short time say one year are called current assets.
Current assets include:
cash
cash equivalents
accounts receivable
stock inventory
marketable securities
pre-paid liabilities
other liquid assets
ND5-09-2023