Assets which are readily convertible into cash are termed as

Accounts - Principles of Accounts

WAEC 2016

A. Liquid assets
B. Fixed assets
C. Intangible assets
D. Tangible assets

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Your School's Whatsapp Group - Join Us now

Correct Answer: Option A

Explanation

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.

Previous Next

Go back to Acc classroom

Report an Error Ask A Question Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

What is the meaning of agricultural sciences? Answer this

1 Answers · Agricultural Science · 3 days ago
Does WAEC give Calculator to student for there exam? Answer this

2 Answers · Mathematics · 2 days ago
2(3)+2? Answer this

1 Answers · Mathematics · 2 days ago

Assets which are readily convertible into cash are termed as

Correct Answer: Option A

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In