4 Purchased merchandise on account is Account receivable Select one: ut of True uestion False Assets which can be converted into cash within one year are known as Select one: Dut of a. Intangible assets question b. Fixed assets O c. Current assets d. Investments n6 Which of the following is not a liability d Select one: out of a. Interest payable question O b. Account payable C. Capital d. Salaries paid