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What exactly are business assets?
Business assets are divided into two sections on the balance sheet: current assets and non-current assets. Current assets are business assets that will be turned into cash within one year, such as marketable securities, cash, inventory and receivables (debts owed to a company by its customers for goRead more
Business assets are divided into two sections on the balance sheet: current assets and non-current assets. Current assets are business assets that will be turned into cash within one year, such as marketable securities, cash, inventory and receivables (debts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.) These assets may only have value for a short while, but they are still treated as business assets.
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