Define: Current Asset

UK Accounting Glossary

Definition: Current Asset


Quick Summary of Current Asset


An asset that is expected to be converted into cash within the trading cycle.



What is the dictionary definition of Current Asset?

Dictionary Definition



Full Definition of Current Asset




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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/current-asset/
Modern Language Association (MLA):
Current Asset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 21, 2019 https://payrollheaven.com/define/current-asset/.
Chicago Manual of Style (CMS):
Current Asset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/current-asset/ (accessed: July 21, 2019).
American Psychological Association (APA):
Current Asset. PayrollHeaven.com. Retrieved July 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/current-asset/

Definition Sources


Definitions for Current Asset are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.