MCQ
Which of the following statement is incorrect?
  • A
    Current assets are usually more liquid than fixed assets.
  • B
    Current assets contribute less to the profits than fixed assets.
  • $B/R,$ debtors, stock, etc are fixed assets.
  • D
    Fixed assets are financed through long$-$term liabilities

Answer

Correct option: C.
$B/R,$ debtors, stock, etc are fixed assets.

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