Current Assets
Noun
US
/ˈkʌrənt ˈæsets/
UK
/ˈkʌrənt ˈæsets/
US
/ˈkʌrənt ˈæsets/
UK
/ˈkʌrənt ˈæsets/
Assets expected to be converted to cash within one year.
Accountants apply Current Assets when preparing financial statements and audits.
Also known as: Short-term Assets. Closely related to Non-current Assets, Working Capital.
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Current Assets - key concept in Accounting.
Balance sheet; Liquidity analysis; Working capital
Applied in Accounting contexts: Balance sheet; Liquidity analysis