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Question
Liquid assets include ______.
Options
Debtors
Bills Receivable
Bank Balance
All of the Above
MCQ
Fill in the Blanks
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Solution
Liquid assets include debtors, bills receivable, and bank balance.
Explanation:
“Liquid assets” means those assets which will be converted into cash and cash equivalents very shortly; therefore, trade receivables (debtors and bills receivable) and cash/bank balance are included as liquid assets.
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