which is non current item securities premium, outstanding wages, trade payables, bank balance
Answer (1)
5th Nov, 2020
Dear aspirant,
Current assets are assets that can be converted into money in !ess than 1 year. They are short term assets and are necessary for company's intermediate needs.
Non current assets are assets that can be used by the company for more than 1 year or lifelong. They are also termed as long-term assets.
According to this definition securities premium is non current asset which is showed under pre reserved balance sheet of the company.
Outstanding wages is reserved. It is a liability which is shown under free reserve in balance sheet.
Trade payables is also a current liability.
Bank balance is a current asset.
Hope this helps.
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