Identify the current asset.
A)Fixtures and fittings.
B)Inventory.
C)Delivery vehicle.
D)Loan to L Hardie repayable in 2 years.

Name: Identify the current asset. A)Fixtures and fittings. B)Inventory. C)Delivery vehicle. D)Loan to L Hardie repayable in 2 years.
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Question

Quizplus · Accepted Answer

Inventory is a current asset as it is expected to be sold or used up within one year. The other options are either fixed assets (fixtures and fittings, delivery vehicle) or a non-current asset (loan to L Hardie repayable in 2 years).

Identify the Current Asset