Every firm must have some cash on hand at all times because cash expenditures can sometimes exceed cash receipts.
The amounts owed to the firm by its customers who purchased on credit.
Raw materials that the firm utilizes to build its products. partially completed items or work in prcess, and finished goods held by the firm for eventual sale.
Other current assets.
All current assets that do not fall into one of the named categories (cash, accounts receivable, and so forth). Prepaid expenses (prepayments for insurance premiums, for example) are a common example of an asset in this catch-all category.