Multiple Choice Questions on Which of the following are current assets A Fixed investments B Trade Payables C Short term loans a........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Which of the following are current assets A Fixed investments B Trade Payables C Short term loans a...........

General Accounting Principles Fund flow statement 
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    1. Which of the following are current assets?

      A) Fixed investments

      B) Trade Payables

      C) Short-term loans and advances

      D) Furniture

    Only A
     

    Incorrect Answer

    Only B
     

    Incorrect Answer

    Only C
     

    Correct Answer

    A, B, C and D

    Incorrect Answer
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    Explanation:

    Current assets includes:

    • current investments
    • inventories
    • trade receivables
    • cash and cash equivalents
    • short term loans and advances
    • other current assets

    By: SWAPNIL AGGARWAL
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    Let's Discuss

    LOVE JAJODIA

    how shrt term loans and advances are current assets instead of current liabilities

    0 0 reply

    Ankur sharma

    Short term loans & advances represents the money which firm gave as loan to others, so this money will be received back in near future so current asset.

     0 0 reply
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