Question

Which among the following criterion are required to be fulfilled for an asset to be classified as a Current Asset?

A It is expected to be realized in, or is intended for sale or consumption in, the company’s normal operating cycle
B It is held primarily for the purpose of being traded
C It is expected to be realized within 12 months after the reporting date, or
D Any one of the above
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)