Question

Which of the following is not a sub-head under the current assets?

Options

• Cash and Cash Equivalents

• Trademarks

• Short-term Loans and Advances

• Inventories

Answer 1

Trademarks

Explanation:

Under Schedule III of the Companies Act, 2013, Current Assets include:

• Cash and Cash Equivalents,
• Inventories,
• Short-term Loans and Advances, etc.

But trademarks is an intangible asset, shown under Non-current assets, not under Current assets.