Which of he following is a current asset item?

Out of the given options, "prepayments" is a current asset item. Prepayments are expenses paid in advance, and therefore they represent an asset to the business because the amount has been paid but the benefit or service is yet to be received. For example, if a business pays rent for the next six months in advance, it would be recorded as a prepayment and would be shown as a current asset on the balance sheet until the rent is actually incurred over the six-month period. Goodwill is an intangible asset, which represents the excess of purchase price over the fair value of assets acquired in a business acquisition. Overdraft is a liability item, representing the amount of money owed to a bank when withdrawals exceed the available balance in the account. Preliminary expenses are costs incurred before a company is incorporated and they are shown as an asset. Outstanding expenses are expenses incurred but not yet paid and they are shown as a liability on the balance sheet.