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Which of the following items is shown under the head ‘Current Assets’ while preparing the Balance Sheet of a company?
Trade Investment
Underwriting Commission
Inventories
Livestock
- Trade Investment: This is generally considered a non-current asset since it is held for the purpose of generating income over the longer term.
- Underwriting Commission: This is typically recorded as revenue or a financial income, and not listed specifically under current assets.
- ? Inventories: Inventories are a classic example of current assets. They are expected to be sold or used up within a year during the normal course of business operations.
- Livestock: While technically a part of assets, livestock is often considered a biological asset or can be categorized under agricultural assets, depending on the nature of the business. It is generally not classified under current assets.
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