What are the Current assets and Current liabilities?
Hi to all,
Can anyone tell me about these two terms in brief.
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.
Current assets are things like cash and cash equivalents, accounts receivable and inventories. They are defined as anything that could be sold quickly to raise money. Current liabilities are what the company owes in short order mostly accounts payable and short-term debt.
