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The assets that can be easily converted into cash within a short period, i.e., 1 year or less, are known as:
Question

The assets that can be easily converted into cash within a short period, i.e., 1 year or less, are known as:

A.

Fixed assets

B.

Intangible assets

C.

Investments

D.

Current assets

Correct option is D

Current assets include cash and other assets expected to be converted into cash within a year, such as accounts receivable, inventory, and short-term investments.

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