Unbelievable Other Current Assets Examples

Examples of Current Assets Assets that are reported as current assets on a companys balance sheet include.

Other current assets examples. 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. Some examples of non-current assets include property plant and equipment. In the course of everyday operating activities many firms set aside money or effectively pre-pay for goods or services before they actually receive delivery of them.

For you to meet those you need cash. Non-current assets are also termed fixed assets long-term assets or hard assets. A business pays cash into an escrow account held by a third party in respect of a property transaction.

The following are the common types of current asset. These assets include cash and cash equivalents marketable securities accounts receivable inventory and supplies prepaid expenses and other liquid assets. They are usually presented in order of liquidity on the balance sheet and include cash and cash equivalents accounts receivables inventory prepaid and other short term assets.

An asset is a tangible or intangible resource that has economic value. Cash Equivalents Cash and liquid securities such as bank drafts. The following are common examples.

7 Examples of Current Assets John Spacey June 25 2020. Other current assets are cash and equivalents accounts receivable notes receivable and inventory. Home Other Current Assets.

Natural resources are also called wasting assets because they are used up when they are consumed. Current assets may also be called. For example accounts receivable are expected to be collected as cash within one year.