.The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as *
Answers
Answer:
your answer
Explanation:
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.
Answer:
An asset that can quickly and easily be turned into cash is said to be liquid. Cash, money market instruments, and marketable securities are examples of liquid assets.
Explanation:
An asset that can quickly and easily be turned into cash is said to be liquid. Cash, money market instruments, and marketable securities are examples of liquid assets.
Current assets are assets that can be quickly turned into cash in a short period of time, such as one year. Inventories, short-term investments, bank and cash balances, etc. are some examples of debtors.
Current assets are those that can be turned into cash in a short amount of time (i.e., one year or less). Cash, cash equivalents, receivables, stock inventories, marketable securities, pre-paid obligations, and other liquid assets are examples of current assets.
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