Question

The term "permanent currents assets" refers to: A. Fixed Assets B. Non-marketable assets C. All in store inventory D. none of the above

Answer 1

Answer is option (D). None of the above

Explanation;

Permanent current assets refers to that portion of current assets which need to be maintained by a firm & company for its operations. In other words we can say that an essential portion of current assets which must be kept by a firm & company is known as permanent current assets.

So on the basis, of above explanation, it is clear that option (a) and (b) are incorret because these are example of non-current asset. Option (c). is also incorrect because it does not specify essential portion which is known as permanent current asset.

So option (D) is correct answer.