Current assets are usually more liquid but contribute less to the profits than fixed assets. Examples of current assets are:

(A) Cash in hand/Cash at the Bank

(B) Marketable securities

(C) Bills receivable

(D) Finished goods inventory

Choose the correct answer from the options given below:

Option 1 -> (A), (B) and (D) only - This excludes bills receivable, which is incorrect as bills receivable are short-term financial assets expected to be collected within the operating cycle and are definitely current assets.

Option 2 -> (A), (B) and (C) only - This excludes finished goods inventory, which is incorrect as finished goods inventory is part of current assets since it's expected to be sold within the normal operating cycle.

Option 3 -> (A), (B), (C) and (D) - This includes all four items: cash (most liquid asset), marketable securities (short-term investments), bills receivable (short-term receivables), and finished goods inventory (ready-to-sell stock), all of which are classic examples of current assets.

Option 4 -> (A), (C) and (D) only - This excludes marketable securities, which is incorrect as marketable securities are highly liquid short-term investments that qualify as current assets.

Hence, Option 3: (A), (B), (C) and (D) -> All four items are valid examples of current assets. Cash and marketable securities are highly liquid, bills receivable represent short-term claims, and finished goods inventory is expected to be converted to cash within the operating cycle. Each meets the definition of current assets as resources expected to be realized or consumed within one year or the operating cycle. -> correct