Home › UP Board Class 12 › accountancy › Financial Statements of a Company › Assets that are expected to be converted into ca…
Assets that are expected to be converted into cash within twelve months are classified as:
Afixed assets
Bcurrent assets
Cnon-current assets
Dintangible assets
Answer & Solution
Correct answer: B. current assets
Current assets convert to cash within 12 months.
Related questions
In a company's Balance Sheet, the total of the 'Equity and Liabilities' side must equal thA key limitation of financial statements is that they are generally based on:Financial statements are prepared mainly to help ___ make economic decisions:The statement that shows the revenue earned and expenses incurred to arrive at profit or lInventories and trade receivables of a company are examples of:Trade payables (creditors) of a company are an example of:Plant, machinery and buildings of a company are classified as:Reserves and surplus of a company are shown under the head: