Which of the following is a current asset
Answers
Explanation:
Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, utilized or exhausted through the standard business operations, which can lead to their conversion to a cash value over the next one year period. Since current assets is a standard item appearing in the balance sheet, the time horizon represents one year from the date shown in the heading of the company's balance sheet.
Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. In a few jurisdictions, the term is also known as current accounts.
CURRENT ASSET
Explanation:
Current Asset: Current Asset are those which life is expected to less than or equal to one financial year. Current asset are liquidity of company. it is easily saleable , consumable . if company needs fund they can easily get by the current asset it appear in balance sheet
Current asset are used for day to day expenses .Some example of current asset are: cash, bank ,short term investment / marketable securities
Short term asset, short term investment, Prepaid expenses , Bill Receivable etc.
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