Current Assest & Current Liabilities

abhishreshthaa

Abhijeet S
Current assets

Current assets are those assets that can be converted to cash within one year. They include inventory, debtors, cash and bank balances, bills receivables, marketable securities etc.


Current liabilities

Current liabilities are those liabilities that will be paid within one year. They include creditors, bills payable, outstanding expenses, short-term bank loans, bank overdrafts, any long-term loan maturing in the current year etc.
 
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