Not a Current Asset (ACCA FA)

Exercise and reference answers

Questions

1. Items

   1. Land
   2. Inventory
   3. Receivables
   4. Cash

   Odd item

   Land

2. Items

   1. Short-term investments
   2. Goodwill
   3. Prepayments
   4. Bank balance

   Odd item

   Goodwill

3. Items

   1. Trade receivables
   2. Petty cash
   3. Plant and machinery
   4. Inventory

   Odd item

   Plant and machinery

4. Items

   1. Prepaid insurance
   2. Accrued income
   3. Inventory
   4. Long-term loan

   Odd item

   Long-term loan

Instructions

Tap the one that is not a current asset.