Explanation:

- Prepaid Expenses are payments made in advance for goods or services to be received in the future. These payments represent future economic benefits.

- Option 1: Other Current Assets

- Prepaid Expenses are typically classified under this sub-head.

- They are expected to be consumed or settled within one year, making them current.

- Option 2: Short-term Loans & Advances

- This category includes funds lent by the company for short-term needs.

- Prepaid Expenses don’t fit here, as they are future economic benefits, not loans or advances.

- Option 3: Intangible Assets

- These include non-physical assets like patents or trademarks.

- Prepaid Expenses are not intangible; they are prepaid benefits.

- Option 4: Other Non-Current Assets

- This category is for long-term use and not expected to convert to cash within a year.

- Prepaid Expenses are usually settled within a year, so they do not belong here.