Which of the following items is shown under the head ‘Non-Current Assets’, while preparing the Balance sheet of a company?

Patents

The correct answer is option 3- Patents.

Patent is a non current asset. Intangible assets, including patents, are defined as assets that are not physical and which can be useful for longer than 12 months. This type of asset is commonly assigned a portion of the purchase price of an acquisition.

* Inventory- Current asset

* Current Investment- Current asset

* Bank balance- Current asset