Which of the following is not included in current assets?
A)Trade receivables
B)Accrued wages
C)Cash
D)Inventories
E)prepaid expenses

Question

Quizplus · Accepted Answer

Accrued wages are a type of current liability, not a current asset. Current assets are assets that can be expected to be converted into cash within one year or the operating cycle of the business, whichever is longer. Trade receivables, cash, inventories, and prepaid expenses are all examples of current assets.

Which of the Following Is Not Included in Current Assets