Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Cash and other assets that are expected to be converted to cash or sold or used up within one year or less through the normal operations of the business are called current assets.
What are the current assets?
Current assets refers to the cash and other assets that are expected to be converted to cash within a year.
Current assets are any assets that can reasonably be expected to be converted into cash within one year. It may include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities etc.
Basically, current assets have short-term nature and can be transformed into cash form within a span of a year or less.
Learn more about current assets here:-
https://brainly.com/question/14287268
#SPJ4
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
