Identify the asset which can be easily converted into cash. |
Building Machinery Furniture Marketable securities |
Marketable securities |
The correct answer is option 4- Marketable securities. Marketable securities are the asset that can be easily converted into cash. All other are fixed asset. Marketable securities- Marketable securities are short-term investments that can easily be converted into cash, usually within a year. These include stocks, bonds, or treasury bills that are actively traded on financial markets. It is very liquid; easily converted to cash in the short term. |