Question

What are the items shown under the heading of "Current assets" in the balance sheet?

Options

• Interest accrued on investments

• Inventories

• Sundry debtors

• All of the above

Answer 1

All of the above.

Explanation:

Interest on investments, inventories, various debtors, bills receivables, cash and bank balances, and other advances such as prepaid expenses are all examples of current assets.