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Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipBusiness Arithmetic1 Mark
Question
Give some examples of current assets.
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Answer

  1. Cash and bank balances.
  2. Account receivables:
  1. Bills receivable.
  2. Debtors.
  1. Short term investments/ Temporary investment.
  2. Prepayment:
  1. Prepaid rent.
  2. Unexpired insurance, etc.
  1. Accrued Income.

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