Question

Which of the following is not a Current Asset?

(a) Debtors

(b) Cash

(c) Computer

(d) Marketable Securities`​

Answer 1

cash ...,....................

Answer 2

Answer:

The Correct option is C i.e., Computer

Explanation:

Current assets are those assets which are held on a short term basis. Short term is referred to as not more than 12 months or one accounting period. These assets are retained in the business because these assets can be converted into cash within 12 months or one accounting period.

Current assets consists of:

• Cash in hand
• Cash at Bank
• Cash Equivalent
• Trade Receivable
• Inventory (Stock)
• Commercial Paper
• Prepaid expenses
• Current investment
• Marketable Securities

So, Computer is not a current asserts because it can be used for long period of time which is more than 12 months or more than one accounting period.

#SPJ3