Question 23 Not yet answered Marked out of 1.00 P Flag question The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as: a. Intangible assets b. Current assets c. Investments d. Fixed assets Question 24 Not yet answered Marked out of 1.00 P Flag question An amount invested by the proprietor in the business should be debited to: a. Cash Account b. Personnel Account c. Owner Account d. Capital Account