Question : Which of the following is not a part of Current Assets?
Option 1: Current Investments
Option 2: Inventories
Option 3: Trade Receivables
Option 4: Trade payable
Correct Answer: Trade payable
Solution : Answer = Trade payable
Trade payable is not a part of current assets. Trade payable represents an obligation to pay suppliers for goods or services received. Hence, it's a liability , not an asset. Current assets typically include items like current investments, inventories, and trade receivables. Hence, the correct option is 4.
Question : The term ‘investment’ is used for ‘Non-Current Investments’. Trade Investments are also treated as ………
Question : Which of the following is not a part of Cash and Cash Equivalents?
Question : 'Current Investments’, ‘Short-term Investments’ and ‘Marketable securities’ should be included in
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