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Class 12 Tuition > Learn Accountancy > What are the current assets? Give example.
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What are the current assets? Give example.

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A current asset is cash and any other company asset that will be turning to cash within one year from the date shown in the heading of the company's balance sheet. Examples: closing stock, bills receivables, debtors, prepaid expenses, cash in hand and cash at bank etc.
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cash and other assets which are easily converted to cash within a year Examples: closing stock,prepaid expenses,debtors,bilss receivables etc.,
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