Consider the below mentioned statements: 1. Current assets are those assets which are expected to be

Consider the below mentioned statements: 1. Current assets are those assets which are expected to be realised in cash or sold or consumed during the normal operating cycle of the business. 2. Time lag is the time required to procure fresh supplies of inventory. State true or false.

	1-True, 2-True
B	1-False, 2-True
C	1-False, 2-False
D	1-True, 2-False