Current assets are assets that the business plans to sell, consume, or convert to cash within 12 months or less.

Name: Current assets are assets that the business plans to sell, consume, or convert to cash within 12 months or less.
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

Current assets are defined as assets that are expected to be sold, consumed, or converted to cash within 12 months or less. Examples of current assets include cash, accounts receivable, inventory, and prepaid expenses.

Current Assets Are Assets That the Business Plans to Sell