Question

What you mean by liquid liability

Answer 1

Answer:

Liquid liabilities are debt obligations which a firm has to pay within a year. These liabilities are calculated by deducting the amount of bank overdraft and cash credit facilities (these must be excluded only if they become a permanent mode of financing) from total amount of current liabilities.

Answer 2

Answer:

Liquid liabilities are debt obligations which a firm has to pay within a year. These liabilities are calculated by deducting the amount of bank overdraft and cash credit facilities (these must be excluded only if they become a permanent mode of financing) from total amount of current liabilities.

hope this helps you....