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Types of Asset

7 Examples of Current Assets

 , June 28, 2020
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

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

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

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
Type
Definition
An asset that is easily converted to cash or expected to be converted to cash within a fiscal year or operating cycle.
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Asset

An overview of the common types of assets.

Tangible

The definition of tangible with examples.

Fixtures

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

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Origin Of Money

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Personal Assets

An a-z list of personal assets.

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Capital Improvement

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Cost Strategy

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Business Travel

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Friction Cost

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Business Supplies

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