Question

Explain the term Quick assets in detail.

Answer 1

Quick Assets are those assets of a company which can be converted into cash within a period of one year. These are also known as short-term assets of a company.

For example: Debtors, Bills Receivable etc.

Answer 2

Answer :-

=) Quick assets will be assets that can be spent or acknowledged in under one year or controlling cycle.

The quick proportion is a marker of an organization's transient liquidity position, and measures an organization's capacity to meet its momentary commitments with its most fluid assets. Since it demonstrates the organization's budgetary position to immediately utilize its close money assets to dispose of its present liabilities .