Which Of The Following Are Current Assets?

Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.3

What are the 5 current assets?

There are five main kinds of current assets:

  • Cash and equivalents.
  • Short- and long-term investments.
  • Accounts receivable.
  • Inventories.
  • Prepaid expenses.

Which of the following is current asset quizlet?

Current assets include: cash, marketable securities, receivables, inventory, and prepaid items.

What are the items in current assets?

Current assets may include items such as:

  • Cash and cash equivalents.
  • Accounts receivable.
  • Prepaid expenses.
  • Inventory.
  • Marketable securities.

What are current assets answer?

Current assets are assets consisting of cash, items that normally will be converted into cash within one year, or items that will be used up within one year.

What is an example of current assets?

Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for the ongoing operating expenses.

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What is difference between current assets and current liabilities?

The major difference in both terms is on the basis of nature. The current assets are those things that will provide us with benefits in the future by making the availability of cash in the business. but liabilities are those things, which the business has to pay in the future.

Is inventory a current asset quizlet?

Inventory is reported as a current asset on the balance sheet of a merchandiser.

What are current liabilities quizlet?

Current liabilities are obligations of the firm that will be satisfied within one year or operating cycle, whichever is longer, by using a current asset or assuming a current liability.

What is the correct order for the balance sheet quizlet?

The order of the balance sheet is as follows: Current Asset, Non-Current Assets, Current Liabilities, Non-Current Liabilites, Owner’s Equity, Offsets on the Balance Sheet and also in the order of their liquidy, with the most liquid terms (those closest to cash) first.

What are 3 types of assets?

Common types of assets include current, non-current, physical, intangible, operating, and non-operating. Correctly identifying and classifying the types of assets is critical to the survival of a company, specifically its solvency and associated risks.

What are the 4 types of assets?

The four main types of assets are: short-term assets, financial investments, fixed assets, and intangible assets.

Is capital a asset?

Capital is typically cash or liquid assets being held or obtained for expenditures. In a broader sense, the term may be expanded to include all of a company’s assets that have monetary value, such as its equipment, real estate, and inventory. Individuals hold capital and capital assets as part of their net worth.

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How do I calculate current assets?

Current assets = Cash and Cash Equivalents + Accounts Receivable + Inventory + Marketable Securities.

Which is not current assets?

A company’s long-term investments for which full value will not be realised within the accounting year is known as noncurrent assets. Intellectual property, plant, equipment, physical property, and investment in other companies are a few examples of noncurrent assets. They are recorded in the company’s balance sheet.

How many types of current assets are there?

The current assets include petty cash, cash on hand, cash in the bank, cash advance, short-term loan, accounts receivables, inventories, short-term staff loan, short-term investment, and prepaid expenses. For example, accounts receivable are expected to be collected as cash within one year.

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