Question : Which of the following do not included in the "Liquid Assets"?
Option 1: Bank Balance
Option 2: Inventory
Option 3: Debtors
Option 4: Bills Receivable
Answer (1)
22nd Jan, 2024
Correct Answer: Inventory
Solution :
A liquid asset is an asset that is easily convertible into cash.
It does not include the inventory and prepaid expenses.
Hence option 2 is the correct answer.
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