current assets / current liabilities
Current Assets and Current Liabilities Examples Current assets are those assets which can be easily converted into cash within 12 months, given below are some of the examples of current assets 1  â. Cash balance available with company. 2  Inventories which includes raw materials, work in progress and finished goods. 3  Bank balance of the company. - Current liabilities are those liabilities which are due for the payment within a short period of time usually 12 months, given below are some of the examples of current liabilities 1  â. Sundry Creditors. 2  Bills Payable or Account Payable. 3  Outstanding or Accrued Expenses like salary outstanding, rent outstanding etcâ¦. 4  Unearned Income.  Short Term Loans.