Which of the following is included in current assets in the balance sheet of a company?
A) Computer
B) Issue of shares
C) Stock-in-trade
D) 10% Debentures
E) Cash at bank
F) Bills Receivable
G) Goodwill
H) Loosetools
I) Horses and carts
J) Motor truck
K) Provision for taxation
L) Sundry creditors
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- CEFH.
* STOCK, B/R, BANK BALANCE, LOOSE TOOLS ARE THE CURRENT ASSETS.
A) Computer- Non current asset
B) Issue of shares- Equity
C) Stock-in-trade- Current asset
D) 10% Debentures- Non current liability
E) Cash at bank- Current asset
F) Bills Receivable- Current asset
G) Goodwill- Non-Current asset
H) Loosetools- Current asset
I) Horses and carts- Non-Current asset
J) Motor truck- Non-Current asset
K) Provision for taxation- Current liability
L) Sundry creditors- Current liability