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    4. ESIC Part B
    5. Which of the following is an example of a current asset?

    Question

    Which of the following is an example of a current

    asset?
    A Buildings Correct Answer Incorrect Answer
    B Land Correct Answer Incorrect Answer
    C Inventory Correct Answer Incorrect Answer
    D Patents Correct Answer Incorrect Answer

    Solution

    Explanation: Current assets are assets that can be converted into cash or used up within a year. Buildings, land, and patents are not current assets.

    Practice Next
      More ESIC Part B Questions
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    Relevant for Exams:

    • UPSC EO/AO

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