1. Current assets include cash, accounts receivable and inventory. The inventory is subdivided into work in process, finished products and raw materials.

2. Quick assets are equal to monetary funds+short-term investments+accounts receivable+other accounts receivable+notes receivable+prepayments.

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Quick assets refer to assets that can be quickly converted into cash or are already in cash form, and the calculation method is current assets minus inventory. Usually equal to the balance of all the current assets of an enterprise after deducting the inventory that may be sold quickly in the market, it is one of the commonly used indicators to examine the solvency of an enterprise. Current assets refer to assets that can be realized or consumed within a business cycle of one year or more, including cash and various deposits, short-term investments, receivables and prepayments, inventories, etc.

Current assets include quick assets.

Quick assets refer to assets that can be quickly converted into cash or are already in cash form. The calculation method is the balance of current assets minus illiquid and unstable inventories, prepayments, non-current assets due within one year and other current assets. In other words, inventory, non-current assets due within one year and other current assets are not quick assets.

Usually equal to the balance of all the current assets of an enterprise after deducting the inventory that may be sold quickly in the market, it is one of the commonly used indicators to examine the solvency of an enterprise.

Current assets refer to the assets that can be realized or used by an enterprise within a business cycle of one year or more, and are an indispensable part of enterprise assets.

During the turnover transition period, current assets start from monetary form, change its form in turn, and finally return to monetary form. Various forms of capital are closely combined with production and circulation, with fast turnover and strong liquidity. Strengthening the audit of current assets business is conducive to determining the legitimacy and compliance of current assets business, checking the correctness of accounting treatment of current assets business, exposing its shortcomings, and improving the efficiency of using current assets.

References:

Quick assets _ Baidu Encyclopedia? Web page link