Question

assets which can be converted into cash within a short span of time is called? a) fixed assets b) tangible asset. c) liquid assets d) none of these​

Answer 1

The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as Current assets. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.