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Liquid assets are those assets which can immediately be converted in cash in emergancy basis so in liquid assets noramlly inventory is also not included as well as debtors.
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∙ 10y ago
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What is current asset?
The current asset is also called the liquid asset, it refers to property that can be easily converted to cash.
Is plant asset and current assets the same?
NO
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
When is an asset classified as a current asset?
An asset is something that is considered to be a future economic benefit of the business a current asset is the same but that future economic benefit is expected to occur within 12 months.
Is gold is fixed asset or current asset?
Current asset
What is least liquid current asset?
The least liquid asset that most people have is their house.
What is current asset?
The current asset is also called the liquid asset, it refers to property that can be easily converted to cash.
What is the difference between current asset and liquid asset?
liquid asset can be converted into cash within a very short span of time...
Is asset is cash?
Cash is an asset because it is the most liquid asset that is owned by a company that can be used to paid expenses or current liabilities.
Why is cash an asset?
Balance sheet is always maintained as most liquid asset at the top, so as the cash is the most liquid asset of business that;s why it is shown right at the top before all other less liquid assets.
Is plant asset and current assets the same?
NO
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
When is an asset classified as a current asset?
An asset is something that is considered to be a future economic benefit of the business a current asset is the same but that future economic benefit is expected to occur within 12 months.
Is gold is fixed asset or current asset?
Current asset
Is land a liquid or non liquid asset?
is land a liquid asset
Are sundry debtors a liquid asset?
liquid asset
What is the difference between liquid assets and current assets?
liquid asset can be converted into cash within a very short span of time...
