MULTI ANSWER: Which of the following items would usually be classified as a current asset in...

MULTI ANSWER: Which of the following items would usually be classified as a current asset in a budgeted balance sheet?

	a.	Bank overdraft
	b.	Accounts receivable
	c.	Cash at bank
	d.	Inventory
	e.	Fixtures and fittings

Expert Solution

b) Accounts Receivable (As it is short term credit, given to buyers the money is received is quickly.)

c) Cash at bank (As it is liquid cash available in bank, and can be withdrawn whenever desired.)

d) Inventory (As these can be sold for liquid cash, quickly therefore these are also known as current assets.)

ekkarill92 answered 2 years ago

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