The Correct Answer is Fixed AssetsImportant PointsCapital Work in progress: The cost incurred on the assets of a company that is still under construction at the time of preparation of the Balance Sheet is called Capital Work in progress. For Example- The cost incurred on the construction of a new building would be termed as Capital Work in Progress. As per Schedule III of Companies act 2013, Capital Work in progress is mentioned under subhead Fixed Assets, under Head Non-Current Assets. Additional InformationIntangible assets: These are the assets of the business that do not have a physical existence. For example- Goodwill, Patents, Trademarks, etc. Current assets: These assets are those assets of the business which are expected to convert to cash within a period of one year. Fixed Assets: These assets are those assets of the business which are of permanent nature. These assets are expected to last more than one year. Fixed assets are assets that a business intends to utilize in the long run to create revenue. Loans and advances: These are the sources of finance of the business both for long-term and short term. Primarily, Loans are intended for long-term finance and Advances are intended for short-term finance needs.