Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:

The aggregate of Non-current Assets and Current Assets is called:

Options:

Quick Assets

Total Debts

Total Assets

Capital Employed

Correct Answer:

Total Assets

Explanation:

 ASSETS
1) Non-Current Assets: (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets
2) Current Assets: (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets