Which assets are classified as current assets?

Accounts Receivables 

Cash and cash equivalents

marketable securities

inventory of raw material, work in progress, finished goods, manufacturing and packaging supplies

prepaid expenses

advance payment for future purchases

Current assets include cash and equivalents which includes accounts receivable, marketable securities, expenses which are prepaid, cash at bank, inventory. In the United Kingdom, current assets are also known as current accounts.

Current assets include cash and cash equivalents accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash.

1. Cash

2. Chque under collection

3. Inventory

4. Receivables

5. Advance payment

Current assets are assets that are either cash or those that can be easily converted into cash. Some examples are:

• Cash
• Marketable Securities
• Accounts Receivable
• Inventory
• Prepaid Expenses

An asset which can be dispose within a year or less than a year.

assets that can be convert to cash in one year. such as

cash and cash equivalent

account receivable

inventory

prepaid expenses

These are liquid assets that are easily/readily converted into cash.They include cash at Bank,cash in hand,stock,debtors,receivables and prepaid expenses.

Bank, cash on hand, guest ledger, inventory, debit accounts, pre-paid, Deposits

Those assets that can be realized by the company with in a year are classified as current assets

Eg. Cash & Bank

       Inventory

       Bills receivables

       Prepaid expenses

       Short term loans ans advances etc

Cash & Cash equivalents

Inventories

Accounts receivable

Prepaid expenses

Accrued revenue