WAEC Accounting 2025 Objective — Question 16
Question 16 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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The assets that can be easily converted into cash within a short period, i.e., 1 year or less, are known as
- A. Current assetsCorrect
- B. Fixed assets
- C. Intangible assets
- D. Investments
Explanation
Current assets are assets that can be converted into cash within a short period of time.
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