Question

Identify the item from the list below that is typically not considered a current asset due to its nature:

Q: Answer-Identify the item from the list below that is typically not considered a current asset due to its na...

Accounts Payables are classified as a current liability rather than a current asset because they represent amounts owed to suppliers or vendors, contrary to assets that are resources owned by a company. They are also called as sundry creditors.

A Inventory

B Accounts Receivable

C Accounts Payables

D Cash Equivalents

E Short-term Investments

Practice Next

More Financial Management Questions

Which of the following best describes the composite criteria of movement of an enterprise from one category to another under MSMEs ? A. The enterprise wi...
Contingent liabilities are recorded in:
A financial contract involves exchanging fixed cash flows in one currency for floating cash flows in another. What best describes this arrangement?
Consider the following statements regarding economic survey 2022-23: 1. India meets 60% of its edible oil demand through imports and sunflower oil, con...
Net interest position of the bank has which of the following characteristics?
Which of the following statements correctly describes the meaning of Indian Depository Receipt (IDR)?
The mandatory BRSR framework is applicable to which set of listed entities in India?
Which of the following are key components of a Total Quality Management system?
Which method of Tandon Committee's MPBF computation requires the borrower to fund a minimum margin of 25% of total Current Assets rather than 25% of the Wo...
Which of the following are types of Liquidity risk? I. Time risk II. Price risk ...

Relevant for Exams:

PNB SO Credit Officer Scale 1

Hey! Ask a query

Identify the item from the list below that is typically not considered a current asset due to its nature:

Detailed Solution

More Financial Management Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login