Current assets and examples of current assets.

Current asset is an asset which can be sold or used within one year.In other words current asset is an asset which can be converted into cash within a year.
Examples of current assets are finished goods, Raw materials, work-in-progress , cash, Debtors , Bills Receivables, marketable securities, short-term investments, Prepaid Expenses
    Raw materials, work-in-progress, Finished goods come under the one name Inventory.