Difference between current assets and current liabilities?

Other than the fact that one is an asset and the other a liability, this is how each are broken down.

A current asset is any asset that can be turned into cash with-in a reasonable amount of time (i.e. cash, supplies, inventory, etc.) This can include some (but not all) accounts receivable. If the account can be reasonably expected to be paid within an accounting period, it is considered a current asset.

A current liability is any debt owed that can be reasonably expected to be paid off in 12 months or less (or one accounting period).