One of these is a current asset

Source: JAMB · 2023

One of these is a current asset

  1. fittings
  2. machineries
  3. motor vehicles
  4. stock ✓
Explanation

A current asset is something a business expects to sell or turn into cash within one year. Stock (goods for sale) fits this, because it is sold and replaced often.

Fittings, machinery and motor vehicles are fixed assets. They are bought to be used in the business for many years, not to be sold on.

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