Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

Explain the Following : Quick Assets - Book Keeping and Accountancy

Short Note

Explain the following :
Quick assets

Advertisement Remove all ads

Solution

They are highly liquid assets that can be easily converted into cash. It includes cash and other assets, such as marketable securities and accounts receivable, which can be converted easily into cash. However, prepaid expenses and stock are not included in quick assets.

Concept: Introductions to Liquid Ratio
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 12 Analysis of Financial Statements
Exercise | Q 2 | Page 385
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×