Small business accounting

What are Current Assets?

Last updated
March 25, 2025

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What are Current Assets?

Current assets are assets that are convertible to cash in less than a year.

<p><a href="https://www.goforma.com/small-business-accounting/31-accounting-terms-concepts-you-need-to-know" target="_blank">Current assets</a> are assets that are convertible to cash in less than a year.</p>

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Learn more about current assets with a free 20 minute consultation.