What is Current Assets?
Definition of Current Assets: Current assets represent all the assets of an enterprise that must be sold, used, used or used in normal business operations within a year. Current assets appear on the company's balance sheet, which is one of the mandatory annual financial statements that must be prepared each year.
- Current assets are all assets of the company that are expected to be sold or used during normal business operations within the next year.
- Current assets include liquid funds, cash equivalents, account receivables, inventories, marketable securities, prepaid expenses and other liquid funds.
- Business capital is important for a business because it can be used for day-to-day business operations and to cover ongoing business expenses.
A balance sheet account that represents the value of all assets that are expected to be converted into cash within the normal course of business within a year. Existing assets include cash, accounts receivable, inventories, movable securities, prepaid expenses and other cash equivalents that can be easily converted into cash.
Current Assets means, They are also called money. Company money or assets that can normally be converted into cash within a year, including stocks, shares, etc.
Cash, accounts receivable, inventory and other assets that may be recognized as cash, sales, trade or business expenses within a year, usually during business.
Literal Meanings of Current Assets
Meanings of Current:
A body of water or air that moves in a certain direction, especially around water or air, where there is less movement.
This is from the current era that is happening or is being used or is being done.
Sentences of Current
Stay up to date with the latest happenings
Synonyms of Current
steady flow, present-day, slipstream, present, ongoing, backdraught, contemporary, contemporaneous, stream
Meanings of Assets:
A useful or valuable thing or person.
Sentences of Assets
Immediate reflexes are your main strength
Synonyms of Assets
strong point, forte, value, benefit, merit, attractive feature, resource, advantage, virtue, attraction, good point, long suit, recommendation, selling point, talent, boon, bonus, beauty, help, strong suit, gift