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
Answer (1)
26th Jan, 2024
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.
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