Cash-in-hand and at bank as well as debtors are examples of

Current assets are assets that are expected to be converted into cash within a year. Cash-in-hand, cash at bank, and debtors are all examples of current assets. Cash-in-hand and at bank are self-explanatory, while debtors are people or organizations that owe money to the business for goods or services sold on credit. Current assets are important to a business because they help to finance the day-to-day operations of the business.