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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


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 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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