14 June 2010
Current Assets > A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year. A company's creditors will often be interested in how much that company has in current assets, since these assets can be easily liquidated in case the company goes bankrupt. In addition, current assets are important to most companies as a source of funds for day-to-day operations.
Quick Assets > Cash and other assets which can or will be converted into cash fairly soon, such as accounts receivable and marketable securities; or equivalently, current assets minus inventory minus prepaid expenses.
15 June 2010
Quick assets are those current assets which are quickly realizable into cash. For ex. Stock is not a quick assets as it will take time to get sold then it will be converted into debtors and then finally the cash will be realized.
21 June 2010
CA is an assets which can be converted into cash within 12 months such as cash. bank, debtors, stock, BR etc quick assets means CA minus Stock
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