Question

state any one example for current.​

Answer 1

Answer

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Current Assets Definition:

A current asset is an asset that a company holds and can be easily sold or consumed and further lead to the conversion of liquid cash. For a company, a current asset is an important factor as it gives them a space to use the money on a day-to-day basis and clear the current business expenses. In other words, the meaning of current assets can be explained as an asset that is expected to last only for a year or less is considered as current assets.

Examples of Current Assets

1. Cash and equivalents

2. Short-term investments (marketable securities)

3. Accounts receivable

4. Inventory

5. Prepaid expenses

6. Any other liquid assets

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