Which among the following asset is excluded from current assets ?
A)loose tools
B)accounts receivable
C)short term investments with bank
D)finished goods

Question

Quizplus · Accepted Answer

Loose tools are typically classified as fixed assets rather than current assets because they are not expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer. Current assets include items like accounts receivable, short-term investments, and inventory (including finished goods), which are expected to be liquidated or turned into cash within a short period.

Which Among the Following Asset Is Excluded from Current Assets