Enumerate four items each of current assets and current liabilities.

Current assets and current liabilities are crucial components of a company's balance sheet, reflecting its short-term financial health and liquidity. Current assets are resources that are expected to be converted into cash or used up within one year, while current liabilities are obligations due within the same period. Below are four examples of each:

Current Assets:

1. Cash and Cash Equivalents: This includes physical cash, bank deposits, and highly liquid investments with short maturities, such as treasury bills and money market funds. Cash and cash equivalents are readily available for meeting short-term obligations or seizing immediate investment opportunities.

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