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Assets that arent expected to provide benefits for a number of accounting periods are called what?

User Wei
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Assets that aren't expected to provide benefits for a number of accounting periods are called "current assets".


The term current assets represents all the assets of an organization that are relied upon to be advantageously sold, devoured, used or depleted through the standard business tasks which can prompt their change to a money esteem throughout the following one year. Since current resources is a standard thing showing up in a critical position sheet, the time skyline speaks to one year from the date appeared in the heading of the organization's accounting report.

User Matt Polito
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Assets that aren't expected to provide benefits for a number of accounting periods are called current assets.
And the assets that are expected to do this are called long-term assets.
User Hieu Nguyen Trung
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