__________ which can be immediately be converted into cash, such as Government Securities.

Intangible Assets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Fictitious Assets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Wasting Assets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Floating Assets

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Floating Assets
Floating assets are those assets which can be converted in to cash on immediate basis. These are temporary held assets which are meant for resale or frequently undergo change e.g. cash, stock. stores, debtors, bills receivables, marketable securities.

Suggest Corrections

Similar questions

Stock is considered as a liquid asset as anytime it can be converted into cash immediately.

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

Q. Give one word/term/ phrase for each of the following statements :

An asset which can be converted into cash immediately.

Q. A current is either cash or an asset that can be sold and be converted into cash within a year and is often used to pay off current liabilities.

___ 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.

Join BYJU'S Learning Program

__________ which can be immediately be converted into cash, such as Government Securities.

The correct option is D Floating AssetsFloating assets are those assets which can be converted in to cash on immediate basis. These are temporary held assets which are meant for resale or frequently undergo change e.g. cash, stock. stores, debtors, bills receivables, marketable securities.

The correct option is D Floating Assets
Floating assets are those assets which can be converted in to cash on immediate basis. These are temporary held assets which are meant for resale or frequently undergo change e.g. cash, stock. stores, debtors, bills receivables, marketable securities.