______________ means cash, cash equivalents and other assets which can be easily converted to cash.

Liquid Assets

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Current Assets

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Fixed Assets

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Non-current Assets

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Solution

The correct option is A
Liquid Assets

Liquid assets means cash, cash equivalents and other assets which can be easily converted to cash .

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Similar questions

Q. assets means cash or cash equivalents which can be easily converted to cash in a very short time.

___ refers to the investment in all the current assets such as cash, bills receivable, prepaid expenses, inventories, etc. These current assets get converted into cash within a year.

Following is the Balance Sheet of Raj Oil Mills Limited as at March 31, 2017. Calculate Current Ratio.

Particulars	(Rs)
I. Equity and Liabilities:
1. Shareholders’ funds
a) Share capital	7,90,000
b) Reserves and surplus	35,000
2. Current Liabilities
a) Trade Payables	72,000
Total	8,97,000
II. Assets
1. Non-current Assets
a) Fixed assets
Tangible assets	7,53,000
2. Current Assets
a) Inventories	55,800
b) Trade Receivables	28,800
c) Cash and cash equivalents	59,400
Total	8,97,000

Current assets are those assets which get converted into cash

Q. Current assets are those assets which get converted into cash ____________.

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______________ means cash, cash equivalents and other assets which can be easily converted to cash.

The correct option is A Liquid Assets Liquid assets means cash, cash equivalents and other assets which can be easily converted to cash .

The correct option is A
Liquid Assets

Liquid assets means cash, cash equivalents and other assets which can be easily converted to cash .