An Item Used to Describe Another

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Which of the Following Is Not a Liquid Asset

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An asset or possession that cannot be converted into cash quickly. In personal finance assets like homes and land are illiquid or non-liquid assets. Which Of The Following Is Not A Liquid Asset A Cash In Your Pocket B Money In A Course Hero They do not include prepaid expenses and inventories. . A Cash in your pocket B Access to your credit card C Money in your chequing account D Money in a savings account Answer. Liquid assets are not shown separately in the financial statements. 100 account receivable that is discounted and collected for 96 today. In other words a liquid asset can be quickly sold on the market without a significant loss of its value. Accounts receivables and investment in marketable securities are the liquid assets. Liquid assets are used to calculate the liquidity or quick ratio of a firm. B Money in a savings account. Cash Debtors Bills Receivables marketable securities are the example...
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