Current Assets

Current Assets means:
the cash, accounts receivable, inventory, and other assets that are likely to be converted into cash, sold, exchanged, or expensed in the normal course of business, usually within a year.

Description and Definition of Current Assets

Current assets are assets of a company which are reasonably expected to be realized in cash, sold, or consumed during the normal operating cycle of the business – usually one year.

Resources

See Also

Further Reading

• Current Assets in the West's Tax Law Dictionary
• Current Assets in “A Dictionary of Taxation”