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Liquid assets refer to

Accounts - Principles of Accounts
WAEC 2024

Liquid assets refer to

  • A. cash and other assets that can be easily converted into cash.
  • B. cash and other current assets.
  • C. current assets less current liabilities.
  • D. bank balance less overdraft.  
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Correct Answer: Option A
Explanation

 Liquid assets or near cash assets are assets that are close to cash including cash at hand or cash in bank.

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts