The term current assets does not include which of the following?

Trade Payable

The correct answer is option 2- Trade Payable.

Trade payable is a current liability. All others are current assets.

• Stock – This is a current asset (also called inventory), as it is expected to be sold or consumed within a year.
• Cash – This is a current asset, as it is readily available for use.
• Debtors - This is a current asset, as cash is received from debtors during the year.