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Other current assets are included in a companys financial statements.
Other current assets. Current assets appear on a companys balance sheet one of the required financial statements that must be completed each year. Investment Tax-Exempt Securities. Current Asset is defined as Any assets of a business organization that is expected to realize within 12 months from the reporting date or normal operating cycle which includes cash in hand and bank balance.
The assets are recorded on the balance sheet at acquisition cost and they include property plant and equipment intellectual property intangible assets and other long-term assets. Property plant and equipment PPE. The amount remains the property of the business until the transaction is complete and shows as a current asset in the balance sheet of the business.
Some examples of non-current assets include property plant and equipment. Current assets are resources that are expected to be used up in the current accounting period or the next 12 months. Investment MortgageReal Estate Loans.
Other current assets are the assets of the business that are not very common and significant like cash cash equivalents inventory trade receivable etc. Current assets is a section on a companys balance sheet and it often includes prepaid expenses. Facebook LinkedIn Twitter previous page next page.
Other current assets are cash and equivalents accounts receivable notes receivable and inventory. Examples include accounts receivable and prepaid expenses. Current assets would include cash cash equivalents accounts.
And expect to be converted into cash within 12 months of the reporting date. The following are the common types of current asset. 7 Examples of Current Assets John Spacey June 25 2020 A current asset is an asset that is easily converted to cash or expected to be converted to cash within a fiscal year or operating cycle.
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