Q238
Accounts receivable & inventory are the examples of
A.
Current assets
AnswerB.
Liquid asset
C.
Fixed asset
D.
Capital asset
Answer: Option A
Solution
Answer: Option A
Solution:
Accounts receivable & inventory are the examples of Current assets. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for the ongoing operating expenses.