current asset
- An element of possession, such as product stocks, receivables accounts, or promissory notes, that can be easily and swiftly transformed into cash in a short time period
- The company's financial status improved due to the successful conversion of its current asset into cash.
- Their current asset is primarily made up of stocks, which they plan to sell in the coming months.
- To meet immediate operational expenses, they decided to liquidate their current asset.
Provide Feedback
