wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

how do you convert current assets to liquid assests

Open in App
Solution

Dear Student

Liquid Assets are the assets of the organisation which can easily be converted into cash or cash equivalents within a particular period of time on the need of the organisation ,
To Convert Current Assets into Liquid Assets deduct Prepaid Expenses , Inventory from Current assets .

Regards

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Petty Cash Book
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon