Assets which are readily convertible into cash are termed...
Assets which are readily convertible into cash are termed as
Liquid assets
Fixed assets
Intangible assets
Tangible assets
Correct answer is A
Liquid assets are assets that can be converted into cash in a short time, with little or no loss in value. Liquid assets include items such as accounts receivable, demand and time deposits, gilt edged securities.
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Which of the following is an example of factory overheads? ...
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On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...