Net current assets

Net current assets are disclosed as part of the balance sheet. Net current assets equal total current assets less total creditors falling due within one year. It is also more commonly known as working capital. When short term creditors exceed current assets, it is referred to as net current liabilities.

 

reference: Business Studies / Accounting. Accounts & Finance Glossary. Jim Riley BA(Hons) MBA FCA // tutor2u

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