WRITE THE DIFFERENCE BETWEEN CURRENT AND …

Current assets Current assets are assets which can easily be converted into cash or used to pay-off current liabilities within one year. Examples of current assets include cash, inventory, accounts receivable (money Money is a generally accepted medium of exchange to buy and... More that customers owe the company), prepaid liabilities or other liquid assets. These are the assets that help companies operate on a day-to-day basis, covering expenses as they arise and ensuring the smooth functioning of business activities. Non-current assets Non-current assets are assets which represent a longer-term investment and cannot be converted into cash quickly. They are likely to be held by a company for more than a year. Examples of non-current assets include land, property, investments in other companies, machinery and equipment. Intangible assets such as branding, trademarks, intellectual property and goodwill would also be considered non-current assets. Hope it helped ??....