Current belongings on a steadiness sheet usually embody cash and cash equivalents, similar to financial institution accounts and short-term investments that are easily convertible to cash. Accounts receivable represents money owed by prospects for goods or providers delivered but not yet paid for. Inventory consists of raw materials, work-in-progress, and finished items which are held on the market. Prepaid bills, like insurance premiums or hire paid upfront, are additionally included, as they represent expenses which were incurred but not yet recognized within the revenue and loss assertion. Other examples may include short-term investments or marketable securities supposed to be bought or converted into cash inside one year.