What Are Current Assets? Definition + Examples
As an entrepreneur, it’s essential to keep your current assets high if you want to keep your business running at a steady pace.
Whether you need new equipment for your business or a larger office space, you need cash for a variety of expenses. To get this cash, you have a few options. You can tap into your checking account, raise funds, or even take out a business line of credit. Or, you can rely on current assets to pay for these investments.
Let’s go over what exactly current assets are and examples of this important business accounting term.
Table of Contents
- What is a current asset?
- What can you do with current assets?
- Types of Current Assets
- Examples of Current Assets