Which of the following items is shown under the head 'Current assets' while preparing the company's Balance Sheet?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Inventories.
Current Assets include:
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short term loans and advances
(f) Other current assets
* Investment in Property, Patents, Vehicles are non-current assets.