Question

What are the examples of current assets?

Answer 1

Answer:

d. Cash, accounts receivable and inventory

Explanation:

Current assets are assets that can easily be converted to cash including cash and cash equivalent.

Considering all the options given;

Option a . Cash, accounts payable, inventory has account payable which is a current liabilities. This also applies to option c.

Option b has building as one of the items. Building is an example of a fixed asset which is a non current asset.  

Option e has Credit which is usually a liability item when considering the balance sheet.

Hence Option d which has Cash, accounts receivable and inventory is the right option.