Which one of the following is not a current asset ? a. Cash b. stock c. Machinery d. Prepaid expenses.
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Answer:
Machinery is the correct answer.
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Explanation:
Current Assets are those assets which arises due to business operations. These are fluctuating assets and changes with each of the business transaction. Sundry debtors, stocks, cash on hand, cash at bank are the example of current assets.
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