Keyword Analysis & Research: balance sheet current assets

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Which assets are classified as current assets?

Current Assets. Assets which are easily convertible into cash like stock, inventory, marketable securities, short-term investments, fixed deposits, accrued incomes, bank balances, debtors, prepaid expenses etc. are classified as current assets.

Are current assets the same as total assets?

Total current assets is the aggregate amount of all cash, receivables, prepaid expenses, and inventory on an organization's balance sheet. These assets are classified as current assets if there is an expectation that they will be converted into cash within one year.

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