Assets
which are easily converted into cash are called current assets. For example: cash,
Debtors, inventory, Bills Receivable, Notes Receivable, Prepaid Expenses
'Current Assets'
1. A record account that represents the worth of all assets that are moderately expected to be born-again into money inside one year within the traditional course of business. Current assets embody money, assets, inventory, marketable securities, postpaid expenses and different quick assets that may be pronto born-again to money.
1. A record account that represents the worth of all assets that are moderately expected to be born-again into money inside one year within the traditional course of business. Current assets embody money, assets, inventory, marketable securities, postpaid expenses and different quick assets that may be pronto born-again to money.