What are Current Assets?
Current Assets are items on the balance sheet that are either cash or readily convertible into cash, usually within one year of the balance sheet date.
The Current Assets Are Shown on the Balance Sheet
Current assets are included on the balance sheet, below fixed assets if the company owns any. Here is an example.

In the example above current assets are made up of two lines – ‘debtors and cash’. Commonly in accounting there will be a note provided in the notes to the accounts offering more information on what makes up the generic line named ‘Debtors’. Here is the note to the accounts for Example Accounts Limited.
Examples of Current Assets
Current assets are either cash or things readily convertible into cash, here are some examples of current assets:
- Cash;
- Stock;
- Trade debtors;
- Rent deposit;
- Balances that other people and Companies owe;
- Short term investments.