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Answer Posted / madhu
Current assets are the assets which canbe easily converted
into cash. e.g. cash in hand, bank draft, cash in bank,
inventory etc
Fixed assets are the assets of the company which are held
for a long time. These assets are liquidated only when the
company is fhut down or during divestitures e.g Buildings,
Machinery etc
| Is This Answer Correct ? | 3 Yes | 1 No |
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