Examples of current assets include cash, accounts receivable, and inventory.. Current assets are those assets which are either cash or can be converted into cash within one year. Examples of current assets include cash, accounts receivable, inventory, and marketable securities. What is the current asset from the following? The current asset from the following is $2,000.
This is based on the information given in the question.
Is bank a current assets?
Yes, bank is classified as a current asset on the balance sheet. Current assets are items that are expected to be turned into cash within one year. Bank falls into this category because it is cash or cash equivalents that can be easily converted into cash. Is Rent a current asset? No, rent is not a current asset. Current assets are cash and cash equivalents, accounts receivable, and inventory.
Which of the following best describes current assets?
Current assets are those assets which are reasonably expected to be realized in cash, or sold or consumed during the normal operating cycle of the business, whichever is shorter.
These assets are typically listed on the balance sheet in order of their liquidity, with the most liquid assets listed first. Examples of current assets include cash and cash equivalents, accounts receivable, inventory, and short-term investments. What are the 3 formulas of accounting equation? 1. The asset formula:
Assets = Liabilities + Equity
2. The liability formula:
Liabilities = Assets - Equity
3. The equity formula:
Equity = Assets - Liabilities