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Hassan Hossainzada
on Oct 16, 2024

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Cash and office supplies are both classified as current assets.

Current Assets

Resources anticipated to be turned into cash, sold, or used up within a timeframe of one year or during the usual business cycle if it extends beyond a year.

Office Supplies

Items used in offices for daily operations, including paper, pens, and staplers.

Cash

Liquid assets held by a company or an individual, used for the purpose of transactions or as a means to settle debts.

  • Recognize the features and categorization of assets, liabilities, and equity within a balance sheet.
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Tanisha DawarOct 19, 2024
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