Accounting for IGCSE & O level - Final Statements (Section 6 - No. 11)
Which of the following is NOT a typical non-current asset?
Land and premises
Vehicles and trucks
Cash held on the business premises
Machinery and tools
Vysvetlenie
Cash held on the business premises is a current asset as it can be readily used within the accounting year, and is not used for more than one accounting year.