Current Assets which can be convertible into liquidity assets within one year. 


Cash in hand

Cash in Bank

Closing stock

Bills Receivables ( agrees to pay future date/Issued invoice but not paid yet)

Account Receivables/

Sundry Debtors

Marketable Securities (Stocks, bonds, Preferred shares, ETFs)

Short- Term Investment

Prepaid or advance expenses

Accrued Income (earned but not received mutual funds or pooled assets/earned but not yet invoiced to the debtor)


What is difference between Account Receivables and Bills Receivables?

A/C: Balance that is due

B/R: It is tangible bill of exchange with a specific maturity period