current asset

Questions

What does current asset mean?

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.

How to pronounce current asset

1. Open the pronunciation page — Open the Speakur entry for “current asset”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “current asset”.
4. Repeat and practice — Say “current asset” aloud, matching stress and vowels until it feels natural.