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Current asset
Meaning
Noun
●
In Accounting:
An
asset
on the
balance sheet
which is
expected
to be
sold
or otherwise
used up
in the near future
, usually within one year, or one
business cycle
- whichever is
longer
, such as
cash
,
accounts receivable
, and inventory.
Sourced from
Wiktionary
Antonyms
Fixed Asset
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