Which of the following is not a current liability as per Schedule III of the Companies Act 2013?

Prepaid Expenses

The correct answer is option 4- Prepaid Expenses.

Prepaid Expenses is a current asset.

Prepaid expenses are considered current assets because they represent payments made in advance for services or goods to be received in the future.

The other options—Trade Payable, Interest on Loans, and Bank Overdraft—are classified as current liabilities.