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Current assets are assets that are expected to be converted to cash/ used in the business within one year/the normal operating cycle. True or False?

Accounting Financial Accounting
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Question added by Muhammad Zubair , CFO / Chief Accountant , RH Group
Date Posted: 2014/04/07
Upvote (3) Views (13) Followers (10) Answers (14) Report Question
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Ilham Mohammed
by Ilham Mohammed , Senior Accountant , gulf center for foodstuff

True

Maricris Haway
by Maricris Haway , Bookkeeper , Yusay Credit and FInance Corporation

True sir.

Moses Ajayi Murorun
by Moses Ajayi Murorun , Production Executives , Various Organizations

True e.g Cash 

Prince Ninan
by Prince Ninan , Audit Executive , Lewis & Pecker

It is true

AKEEL FAYAZ MOHARKEN
by AKEEL FAYAZ MOHARKEN , ACCOUNTANT , MOMENTS GROUP

That`s True

Umer Aziz
by Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

Yes it is correct

Ezzidin Ibrahim
by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

True, current assets are cash, trade receivables, inventory

Deleted user
by Deleted user

Its True. Current assets are those assets which can be converted into cash within one year. 

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Answer is True.

IMTIAZ MAHMOOD
by IMTIAZ MAHMOOD , Lecturer , IQRA COLLEGE OF COMMERCE

TRUE

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

It is "True"

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