Answer:
• The current asset is an asset that a company holds and can be easily sold or consumed and further lead to the conversion of liquid cash.
• The meaning of current assets can be explained as an asset that is expected to last only for a year or less is considered as current assets
→Types of Current Assets:
- Cash and cash equivalent
- Inventory
- Ongoing projects
- Pre-paid expenses
- Account receivable
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Subha Hó Gyi Re Mammu
