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Question

Which of the following is not included in current assets?

A
Debtors
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B
Opening Stock
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C
Cash at bank
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D
Cash in hand
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Solution

The correct option is B Opening Stock
Current assets is a balance sheet account that represents the value of all assets that can reasonably expected to be converted into cash within one year. current assets include cash and cash equivalents, accounts receivable, marketable securities, prepaid expenses, debtors etc.

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