Current assets are also called as plant assets.

Name: Current assets are also called as plant assets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Current assets are not called plant assets. Plant assets refer to long-term assets such as buildings, machinery and equipment, and are classified as property, plant, and equipment (PP&E). Current assets are short-term assets such as cash, accounts receivable, inventory, and prepaid expenses.

Current Assets Are Also Called as Plant Assets