Multiple choice

Which of the following accounts is the odd one out?

  1. Office furniture and equipment

  2. Freehold land and buildings

  3. Stock of raw materials

  4. Plant and machinery
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Office furniture, freehold land and buildings, and plant and machinery are all fixed assets (non-current assets) that appear on the balance sheet. Stock of raw materials is a current asset (inventory) that will be used up or sold within the operating cycle. The question tests ability to distinguish between asset categories based on their nature and convertibility.

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