<p style="text-align: center;"><strong>Other Current Asset Account</strong><strong></strong></p>
<p style="text-align: left;">Tracks the value of things that can be converted to cash or used up within one year, such as:</p>
<ul>
<li style="text-align: left;">Prepaid expenses</li>
<li style="text-align: left;">Employee cash advances</li>
<li style="text-align: left;">Inventory</li>
<li style="text-align: left;">Loans from your business</li>
</ul>