Current assets include items such as cash on hand or in the bank; amounts due from customers (accounts receivable); materials, supplies, or goods on hand (inventories); readily marketable securities that are expected to be sold within one year; and advance payments for insurance, rent, and the like (prepaid items). The listing of prepaid items as a current asset is justified if the advance payment will be used during the next operating period.
Details
- Publication Date
- May 22, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
Specifications
- Format