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What are Current Assets?
A current asset is a highly liquid asset which is expected to be used up within a short period time. Examples of current assets include cash, inventories of goods, accounts receivable ( in other words, invoices which have been issued … Continue reading
Posted in Accounting
Tagged account, Accounting, asset, car insurance, credit, credit card, debt, definition of current asset, finance, financial, goods, Insurance, interest, introduction to current asset, mortgage, profit, services
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What is Asset?
In accounting terms, an asset is an economic resource controlled by a company which is expected to produce benefits to the company in future. Assets are categorized as either current assets or long-term assets. Current assets are assets whose value … Continue reading
Posted in Accounting
Tagged account, accountant, Accounting, asset, Business, debt, definition of asset, economic, finance, financial, goods, introduction to asset, wealth, what is asset
Comments Off on What is Asset?