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    preddr6's Avatar
    preddr6 Posts: 4, Reputation: 1
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    #1

    May 9, 2007, 01:09 PM
    What are current assets
    Are Sales considered Current Asset?:confused:
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    May 9, 2007, 01:18 PM
    No - sales are not assets. Assets are things you own and that have value. Inventory you is an asset, and the cash you receive when you sell an item out of inventory is an asset. But revenue per se is not an asset.
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