working asset definition

working asset

Current asset such as cash in hand (and in bank), accounts receivable, finished goods inventory, raw materials inventory, and work in process, that continually flows in and out of a firm during the course of its business cycle. Also called circulating asset or floating asset.

working asset is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

working asset appears in the definitions of the following terms: working capital and capital employed

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