……………..means excess of current assets over current liabilities.

Related MCQs

• An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………
• Assets and liabilities in a Balance sheet may be arranged in the order of …..
• ………………..is the excess of sales over marginal cost of sales
• The term current assets does not include
• ……………….refers to firms investment in current assets.
• Which among the following asset is excluded from current assets ?
• ……………….means cash and other assets which are expected to be sold or consumed during the normal operating cycle of business.
• ………..liabilities are those which are intended to be paid in the ordinary course of business within a short period.
• The term fixed assets includes
• …………….assets are those which in the ordinary course of business can be converted into cash within a short period of time.