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Doctors Medicines MCQs Q&A

  1. Current asset
  2. Current liability
  3. Short term liability
  4. Fixed asset
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1 Answers

Answer: Option 1

Current asset is TRUE about the treatment of insurance premium paid in advance. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, utilized or exhausted through the standard business operations, which can lead to their conversion to a cash value over the next one year period.

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