Chapter: Analysis of Financial Statements· Book-Keeping & Accountancy

Write a word / term / phrase which can substitute the statement: An asset which can be converted into cash immediately.

Q.1 (D) (3) Write a word / term / phrase which can substitute the statement: An asset which can be converted into cash immediately.

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: Liquid asset

Liquid (quick) assets are those which can be converted into cash immediately or at short notice without much loss, such as cash, bank balance, debtors and bills receivable.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Write a word / term / phrase which can substitute the statement: An asset which can be converted into cash immediately.

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