Item which can be grouped and shown under the heading of current assets __________.

Prepaid Expense

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Debtors

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Outstanding Expense

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A and B

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Solution

The correct option is B A and B
Prepaid expenses are those which are not due but already paid. These are considered as part of current assets.

Debtors are various customers to whom the organization has sold goods on credit. This is part of current assets as these are recoverable in next business cycle.

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