Last modified on 7 July 2014, at 17:30

current asset

EnglishEdit

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NounEdit

current asset (plural current assets)

  1. (accounting) An asset on the balance sheet which is expected to be sold or otherwise used up in the near future, usually within one year, or one business cycle - whichever is longer, such as cash, accounts receivable, and inventory.

AntonymsEdit

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