Which of the following items are current assets?
...Which of the following items are current assets?
Stock, bills receivable, cash and debtors
Stock, bill payable, cash and debtors
Stock, bad debt, bills receivable and cash
Stock, work-in-progress, cash and bills payable
Correct answer is A
Current assets include cash and other assets that are expected to be converted to cash within a year. Option A ''Stock, bills receivable, cash and debtors'' is correct.
- Stock are goods bought for the purpose of resale
- Bills receivable are incurred as a result of credit sales
- Cash is the available money at hand
- A debtor is a person, company, or other entity that owes money.
A non-profit-making organization differs from a profit-making one in that? ...
The going concern concept assumes that ...
Sales ledger control account contains the total amount in respect of ...
Provision for bad and double debts in companies final accounts is treated in? ...
In a not-for-profit making organization, the cash book is summarized in the form of ...
Which of the following is a credit item on an income and expenditure account? ...
Which of the following is an example of intangible assets? ...
The necessary accounts to be opened on the issue of ordinary share capital are? ...