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WAEC Accounting 2025 Objective — Question 11

Question 11 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.

Which of the following is not a current asset?

A. Supplies
B. LandCorrect
C. Accounts Receivable
D. Prepaid Insurance

Explanation

Land is a long-term asset. Thus, it is regarded as a fixed asset.

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