Current assets are those assets which can be converted into cash or can be used to pay off liabilities within a time span of 12 months, i.e. one year. Some of the examples of current assets are cash, cash equivalents, inventories, debtors, bills receivables, etc.
Current assets are those assets which get converted into casha within six monthsb within one yearc between one year and three yearsd between three and five years (2024)
References
- https://harrisonlawaz.com/estate-planning/valuation-of-hard-to-value-assets/
- https://smartasset.com/investing/balance-sheet
- https://byjus.com/question-answer/current-assets-are-those-assets-which-get-converted-into-cash-a-within-six-months-b-1/
- https://www.toppr.com/ask/question/current-assets-are-those-assets/
- https://www.investopedia.com/terms/l/liquidityratios.asp
- https://www.thebalancemoney.com/current-assets-398163
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