All of the following accounts are considered to be current assets on the balance sheet except:
A)cash
B)accruals
C)accounts receivable
D)inventory
E)none of the above

Question

Quizplus · Accepted Answer

Accruals are not considered current assets as they represent expenses that have been incurred but not yet paid for or recorded. The other options listed (cash, accounts receivable, and inventory) are all current assets as they can be expected to be converted into cash or used up within a year.

All of the Following Accounts Are Considered to Be Current