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Current assets refers to those assets which can converted into cash within 12 months, there are no set convention as far as current assets are concerned the same can be a current asset for one company and fixed asset for other company. However there are assets which are most of the time treated as current assets by majority of companies, given below is the list of current assets -
- Cash available with company
- Bank balance of the company
- Debtors of the company after deducting provision for bad debts.
- Bills receivables or accounts receivables
- Short term investments of the company
- Prepaid expenses paid by the company
- Stock of goods available with the company (which are expected to be sold within a year).
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∙ 12y ago
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What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What are permanent current assets?
Permanent current assets are current assets that are replaced with like assets within one year.
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
Fixed assets to current asset ratio?
fixed assets / current assets
Is accounts receivable a current or non current assets?
Current assets
Why do amount of vehicles appear in non-current assets and current assets?
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.
What are some current assets?
Following is list of assets:CashBankInventoryDebtorsNotes receivable
What are net current assets?
Formula for net current assets :net current assets = current assets - current liabilities
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What are permanent current assets?
Permanent current assets are current assets that are replaced with like assets within one year.
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
Are investments current assets or other assets?
If investments are for short term then these are current assets but if these are for long term then non-current assets.
Fixed assets to current asset ratio?
fixed assets / current assets
Is accounts receivable a current or non current assets?
Current assets
Sam reported total assets of 1903000 and non current assets of 894410 He also reported a current ration of 1.60 What amount of current liabilities did he report?
Current assets = total assets - long term assets Current assets = 1903000 - 894410 Current assets = 1008590 Current ratio = 1.6 Current ratio formula = Current asset / Current liabilities 1.6 = 1008590 / Current liabilities Current liabilities = 1008590 / 1.6 Current liability = 630369
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
Are current assets debit or credit items?
Current assets are debit as all assets has default balance debit so current assets as well and these are shown under current assets section of balance sheet.
