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Friday, April 9, 2010

Current Assets

Those assets which can be converted into cash through the normal course of business within a short time ordinarily in an accounting year. Some examples are:
  • Cash in hand
  • Cash at bank
  • Bills receivables
  • Debtors
  • Closing stock
  • Prepaid expenses
  • Short term investment
  • Accrued income etc.

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