Assets very easily convertible into cash are ___________.

Current Asset

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Fixed assets

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Liquid assets

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Floating assets

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Solution

The correct option is C Liquid assets
Liquid Assets are those which can be converted easily in cash without much loosing the value. Liquid assets are part of current assets.
Examples of liquid assets are cash in bank, cash on hand, sundry debtors, marketable securities etc.

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Assets very easily convertible into cash are ___________.

The correct option is C Liquid assetsLiquid Assets are those which can be converted easily in cash without much loosing the value. Liquid assets are part of current assets. Examples of liquid assets are cash in bank, cash on hand, sundry debtors, marketable securities etc.

The correct option is C Liquid assets
Liquid Assets are those which can be converted easily in cash without much loosing the value. Liquid assets are part of current assets.
Examples of liquid assets are cash in bank, cash on hand, sundry debtors, marketable securities etc.