Home › CBSE Class 12 (Commerce) › Accountancy › Computerised Accounting System › Inventories and Trade Receivables are grouped un…
Inventories and Trade Receivables are grouped under
ACurrent Assets
BShareholder's Funds
CNon-Current Assets
DCurrent Liabilities
Answer & Solution
Correct answer: A. Current Assets
Inventories and trade receivables are short-term resources, so they are current assets.
Related questions
Excel 2007 chart tools are found on which ribbon tab?Data markers of the same colour in a chart form aA plot has at least two axes. The horizontal one is usually theWhich payroll deduction is a monthly share of the yearly income tax?Which payroll deduction is levied under state legislation in some states?In a salary bill, Dearness Allowance compensates employees forA clerk's basic pay earned is 25000 and house rent allowance is 8 percent of it. The allowWith basic pay earned of 18000 and a PF rate of 12 percent, the PF deduction is