CashCash and deposits with financial institutions including foreign currency accounts.
Marketable SecuritiesInvestments that have a liquid market such that they are easily sold. For example, stocks or bonds.
Accounts ReceivableMoney owned to you by your customers and clients.
InventoryInventory including raw materials, components and finished goods are normally a current asset as businesses typically intend to sell these within a business cycle.
SuppliesSupplies 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 ExpensesPrepaid expenses such as an insurance payment made at the beginning of the year that is expensed each quarter as it is used.
Taxes ReceivableA 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.