What are current assets?
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Answer / sivannarayana.sana
current assets mean the assets which can be easily converted in to cash ex; cash,bills ricevable ,cash at bank debtors,stock,etc.
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Answer / ramesh gupta
Assets have more liqidity is known as current assets.
For e.G - cash,bank,cl.Stock debtoe e.T.C
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Answer / raghuvstar@gmail.com
Current assets are those which can be easily convert to cash .such as cash,Tools,Bank Etc....
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Answer / nisha sagore
Immidetaily liquidable assets are currents assets as when and which required like - cash in hand , bank, stock in hand, debtor , F.D. , share and investment.
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A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000
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