Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting Ratios

Question:
Liquid Assets do not include..........
Options:
Bills Receivable
Debtors
Inventory
Bank Balance
Correct Answer:
Inventory
Explanation:
Liquid assets are those assets which are readily converted into cash and will include cash balance, bills receivable, Sundry debtors and short term investments. But it does not include prepaid expenses and inventories.