Question

An asset which can be converted into cash immediately. Answer in a word / phrase / term.

Answer 1

Hey mate !!!

Answer :-

Realisation .

Hope this helps

Answer 2

Liquid assets are easily and immediately can be converted into cash.

Explanation:

• The liquid assets that can be converted into cash within a short period estimated period as the minimum one year or within one year these types of asset are also called as current asset.
• An asset that can be really ready to converted into cash that is similar to a cash.
• Current asset includes cash, equivalents of cash, stock or inventory, receivable accounts, securities, pre-paid liabilities, marketable securities.
• A current asset can be sold with little impact on its valued.