Why cash and receivables included in current assets?

Question

Why cash and receivables included in current assets?

Answer 1

Current assets are for any period of time under one year. E.g prepaids get used up in one year. Therefore cash is expected to be used in one year and receivable are expected to be received within one year.

Answer 2

Different current property would be debtors, inventory for re-sale, completed goods, cash at hand or cash at bank, any pay as you go gadgets corresponding to coverage, hire, electrical power. Present liabilities could be creditors, accrued expenses this kind of employ, coverage, taxes, a bank overdraft, brief term loans