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Types of Asset

7 Examples of Current Assets

A current asset is an asset that is easily converted to cash or expected to be converted to cash within a fiscal year or operating cycle. The following are the common types of current asset.


Cash and deposits with financial institutions including foreign currency accounts.

Marketable Securities

Investments that have a liquid market such that they are easily sold. For example, stocks or bonds.

Accounts Receivable

Money owned to you by your customers and clients.


Inventory including raw materials, components and finished goods are normally a current asset as businesses typically intend to sell these within a business cycle.


Supplies are usually expensed as soon as they are purchased. However, it is also possible to track supplies as a current asset and only expense them when they are used.

Prepaid Expenses

Prepaid expenses such as an insurance payment made at the beginning of the year that is expensed each quarter as it is used.

Taxes Receivable

A pending tax refund or refundable tax credit that is applicable to the fiscal year.
Overview: Examples of Current Assets
An asset that is easily converted to cash or expected to be converted to cash within a fiscal year or operating cycle.
Related Concepts


This is the complete list of articles we have written about asset.
Asset Tracking
Capital Asset
Current Assets
Data Asset
Digital Asset
Economic Life
Financial Asset
Fixed Asset
Fixed Assets
Home Inventory
Intangible Assets
Personal Assets
Personal Property
Tangible Assets
White Elephant
More ...
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An overview of the common types of assets.


The definition of tangible with examples.


The definition of fixtures with examples.

Asset Tracking

The definition of asset tracking with examples.

Fixed Asset

The definition of fixed asset with lists of examples.

Capital Examples

The basic types of capital with examples of each.

Origin Of Money

The origins of money explained.

Physical Capital

An overview of physical capital with examples.

Personal Assets

An a-z list of personal assets.

Capital Expenditures

The definition of capital expenditure with examples.

Capital Improvement

The common types of capital improvement with a comparison chart.

Fixed Expenses

A list of common fixed expenses including business and personal examples.

Operating Cost

A list of common operating costs.

Cost Strategy

The basic types of cost strategy with examples.

Business Travel

Common purposes for business travel.

Administrative Costs

An overview of administrative costs with examples.

Work Complexity

A list of things that influence work complexity.

Friction Cost

An overview of friction cost with examples.

Business Supplies

Lists of various types of business supplies.
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