Home › Bihar Board Class 12 (Commerce) › Accountancy › Analysis of Financial Statements: Tools and Accounting Ratios › Which item is counted as a current asset?
Which item is counted as a current asset?
AShare capital
BDebentures
CAdvance tax
DLong-term loan
Answer & Solution
Correct answer: C. Advance tax
Advance tax is listed among other current assets along with prepaid expenses and accrued income.
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