Control of Current Assets – Cash, Receivables, Inventories

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  • Excess inventories and lack of control over accounts receivable lead to an increased level of unused assets, increased costs and liquidity problems.
  • Cash: current assets (customer pay by giving the business cash)
  • Accounts receivable: current assets (debt that is owed to the business)
  • Inventories: current assets (products the business will sell to customers)

Extract from Business Studies Stage 6 Syllabus. © 2010 Board of Studies NSW.