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Quickly realizable assets are current assets in the ordinary course of business to meet current obligations, but non current asset need not be necessarily serve the purpose of meeting current obligations without the interruptions in the day to day working of the enterprise other than a sufficient replacement for the disposal, normally. Agree with the expert answers as to the timings and other details to which the realization proceeds need to be put to use.
current assets is assets which can convert into cash in1 year or operating cycle which longer
Non current assets is assets which cannot convert into cash within1 year or operating cycle
Current assets are ones the company expects to convert to cash or use in the business within one year of the balance sheet date. Non-current assets are ones the company reckons it will hold for at least one year.
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