Current Asset
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Classification of Accounts and the Accounting Equation
MS: Aset Semasa · EN: Current Asset · ZH: 流动资产
Meaning
Current assets are assets expected to be converted into cash, sold or used up within one accounting year. They are short-term in nature and change constantly through the day-to-day operations of the business.
Example
For example, in Sinar Grocery, inventory of RM12,000, debtors of RM2,500, a bank balance of RM6,000 and cash of RM500 are current assets because they are expected to change within a year.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4