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DK Essential Managers: Understanding Accounts by Stephen Brookson

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Working with Current Assets

Current assets are short-term assets that a business holds that will convert into cash within the next 12 months. Learn to recognize the four main types of current assets and why it is important to convert the first three into cash quickly.

DK Look at current assets with care – they represent a business’s lifeblood.
DK Check that debtors change only in proportion to turnover.

Listing current assets

Included under current assets is cash, plus anything that will turn into cash in the next 12 months. The importance of current ...

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