Quiz – Current Assets – MCQ – Accounting Capital Premium

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Time Limit: Unlimited
Level: Easy to Medium
Question Type: MCQs
Passing Score: 90%
No. of Questions: 16

Quiz – Current Assets – MCQ

Working Capital = Current Assets – _____.

It is considered difficult to convert current assets into cash.

Most current assets are used for day to day activities.

Current Ratio = Current Assets divided by _____.

_____ is an example of current assets.

Current assets are held for _____ purpose.

Current assets are also known as _____.

If Current Assets = 0, Working Capital = _____.

Receivables = 7,000, Cash = 5,000 & Machinery = 1,000, Current Assets = _____.

_____ are current assets.

_____ = Current Assets – Current Liabilities.

Which of the following is not an example of current assets?

Current Assets are shown in _____.

Prepaid expense is an example of current assets.

Current Assets are depreciated by straight line method.

Current assets are expected to be sold or used within _____month(s).

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