Which of the following is not counted as Current Assets ?

Bill payable

The correct answer is option (3) : Bill payable

The option that is not counted as Current Assets is (3) Bill payable.

Bill payable is a current liability, which is an obligation that a company owes and is expected to pay within one year.

Current assets, on the other hand, are assets that are expected to be converted into cash within one year. The other options, (1) Cash in hand, (2) Bill receivable, and (4) Debtors, are all examples of current assets.