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Which of the following is not a current asset ?

(A) Prepaid expense

(B) Debtor

(C) Furniture

(D) Bills receivable

1 Answer

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Best answer

Correct option is (C) Furniture

Furniture is a fixed asset, not a current asset. Current assets are assets that are expected to be converted into cash or used up within one year. Prepaid expenses, debtors (accounts receivable), and bills receivable are examples of current assets.

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