Question

which is not a quick asset?
1. plant & machinery
2. debtors
3. bills receivable
4. interest incurred​

Answer 1

Answer:

Inventories and prepaid expenses are not quick assets because they can be difficult to convert to cash, and deep discounts are sometimes needed to do so. Assets categorized as “quick assets” are not labeled as such on the balance sheet; they appear among the other current assets.