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RE: What are the Current assets and Current liabilities?

Hi to all,

Can anyone tell me about these two terms in brief.

Neharani Trainee Asked on October 30, 2014 in Accounting.
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3 Answers

Hello,

Current Assets:  cash and  assets that are expected to be converted to cash within a year.

Current Liabilities: amounts due to be paid to creditors within 1 Year.

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Priyanka Trainee Answered on October 30, 2014.
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