Definition of current assets in English:
Cash and other assets that are expected to be converted to cash within a year. Compare with fixed assets.
- For example, defining the relationships between assets, current assets and inventory would be applicable to many balance sheets.
- While performing calculations relating to gross profit analysis, cash ratios and decreasing cash to total current assets, unexplained variances become illuminated.
- Three types of assets are included in the balance sheet: current assets, fixed assets and intangible assets.
Definition of current assets in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia