Non-current assets usually generate benefits for a much longer time. This shapes how you record a patent as an accounting journal entry and document patents in the accounting balance sheet. More ...

Current asset (Wikipedia) Updated: 2006-10-19 14:07. In accounting, a current asset is an asset on the balance sheet which is expected to be sold or otherwise used up in the near future, usually ...

In financial accounting, current assets include any balance sheet item that a company can convert into cash within one year. This conversion must be affected during routine business operations.

A balance sheet includes a summary of a business’s assets, liabilities, and capital. Learn what a balance sheet should include and how to create your own.

Understanding Current Assets. In financial accounting, current assets include any balance sheet item that a company can convert into cash within one year. This conversion must be affected during ...