Which of the following is not a current asset?

Bank overdraft
Closing stock
Debtors
Bills receivable

The correct answer is A. Bank overdraft.

A current asset is an asset that is expected to be realized in cash, sold, or consumed within one year or the operating cycle, whichever is shorter.

Bank overdraft is a short-term loan that a bank allows a customer to take out when their account balance falls below zero. It is a type of current liability, not a current asset.

Closing stock is the value of the goods that a company has left at the end of an accounting period. It is a type of current asset.

Debtors are amounts owed to a company by its customers. They are a type of current asset.

Bills receivable are amounts owed to a company by its customers for goods or services that have been sold on credit. They are a type of current asset.

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