Cash on hand, Cash in Banks, Accounts Recievable, Furniture, fixtures and equipment, Inventory, Marketable Securities, Prepaid expenses and other liquid assets that can be readily converted to cash.
- Cash on Hand entails the total amount of any accessible cash. Ivestment that you can convert to cash in 90 days or less are typically included when calculating your cash on hand.
- Cash in bank literally means coin, currency, and cash items on deposit
- Accounts Receivable are shown as curent or short term assets in a balance sheet and are, in fact, unsecured promises by customers to pay in the future.
- Furniture,Fixtures and equipment items considered as personal property unless they are affixed to the real property, such as chairs, filing cabinets, desks, computer equipment, copier.\, fax machine, telephone equipment.
- Inventory is often the largest item in the current assets category, and must be accurately counted and valued at the end of each accounting period to determine a company's profit or loss.
- Marketable Securities is a near-cash (liquid) asset and is recorded at acquisition cost or marketable value in the account books under current assets.
- Prepaid Expenses is an acccounting term signifying of money paid for goods and services.
