In a hotel, which of the following is not normally treated as a current asset?

Question

Quizplus · Accepted Answer

Staff uniforms would generally be considered a long-term asset as they have a useful life of more than one year. The other options listed - prepaid insurance, money held in a bank account, beer held in a bar fridge, and petty cash balance - are all examples of current assets as they are expected to be converted into cash or used up within the next year.

In a Hotel, Which of the Following Is Not Normally