New Enroll in RBI Grade B New Batch - Starts on May 21

    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

    Relevant for Exams: