Which of the following is not categorized as a current asset?

Current assets are those that are expected to be converted into cash or used up within one year or within the company's operating cycle, whichever is longer. The classification of assets is crucial for understanding a business's liquidity position.

Investments in shares are usually considered long-term assets unless they are specifically intended for quick resale within a year. Generally, these investments are held for more than one year and serve as a way for the company to grow capital rather than for immediate cash flow needs. The purpose of holding shares is often strategic or long-term in nature, aligning them with non-current assets.

On the other hand, supplies on hand and accrued income are both part of current assets because they directly contribute to the day-to-day operations of the business and can easily be converted into cash in the near future. A term deposit, depending on its length, can also qualify as a current asset if it matures within a year. Thus, investments in shares stand apart as the option that does not fit within the current asset category.