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P2 C5 ACCOUNTNG RATIOS AND ANALYSIS — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C5 ACCOUNTNG RATIOS AND ANALYSIS1 Mark
Question
What is current assets?
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Answer

Current assets means which is in the cash form or cash equivalent or which can be converted into cash within $12$ months or which can be converted into cash equivalent.

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