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Which of the following is NOT a non-current asset?

1. Amortization of intangible assets

 

2. Property, plant and equipment

 

3. Intangible assets

 

4. Unearned income

Project Finance Accounting Cash Flow Forecasting Financial Reporting Financial Systems
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Question ajoutée par Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date de publication: 2015/06/15
Apprécier (3) Vues (27) Suiveurs (19) Réponses (16) Report Question
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Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option1 is the right answer.

Waqar khan
par Waqar khan , Audit Associate , PwC

Option1.....................

Tranquilino Jr Rivera
par Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Unearned Income is NOT a Non Current Asset. It is a liability. Option4 is the answer.

lakshminarasimham mallareddi
par lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct answer is4.Unearned Income is not a non-current asset

Wasim khan wazir
par Wasim khan wazir , Finance Specialist , Mott Macdonald

Amortisation is expense and unearned income is current liability. Both1 &4

Farzain Javed Anjum
par Farzain Javed Anjum , Senior Accountant/Acting Chief Accountant , Al Eatesam Modern Marketing Compnay

Both Option1 & Option4 are not a part of Non-Current Assets

Muhsin Kamal
par Muhsin Kamal , Accounting Manager , Al Borg Diagnostics

Unearned income is liability actual so it is the best option.

Sanjay Kumar Jangir
par Sanjay Kumar Jangir , Finance Executive , Alchemy Stones India

4. Unearned income is a not a non current asset.

Sonnya Papov
par Sonnya Papov , Accountant , Aquaguard Construction

Amortization of intangible asset

Saidul Alam
par Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

1. Amortization of intangible assets................................

Bilal Bilal Ashraf
par Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

I think option1 and option4 is answer because one is expense while other is liability respectively.

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