Question : Quick assets include
Option 1: Trade receivable
Option 2: Cash and bank balance
Option 3: Marketable securities
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer = All of the above.
Quick assets include trade receivables, cash and bank balances, and marketable securities. These are highly liquid assets that can be quickly converted into cash to meet short-term obligations or emergencies, providing a measure of a company's liquidity.
Quick assets = current assets except stock and prepaid expenses. Hence, the correct option is 4.
Question : Quick assets do not include
Option 2: Cash balance
Option 3: Inventories and prepaid expenses
Option 4: Marketable securities
Question : Cash and Cash Equivalents include
Option 1: Cash on hand
Option 2: Bank balance
Option 3: Marketable Securities, etc.
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