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A liquid asset is cash or something that can be quickly converted into cash. A car is generally not considered a liquid asset. The reason for this is because it can take some time to sell a car in order to obtain cash.
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∙ 9y ago
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Is land a liquid or non liquid asset?
is land a liquid asset
Are sundry debtors a liquid asset?
liquid asset
Which is the least liquid asset?
inventory is our least liquid asset.
Is a fishing permit a non-liquid asset or liquid asset?
It is a non-liquid asset. It can not be traded or converted into currency. It is non-transferable and therefor non-liquid.
What is least liquid current asset?
The least liquid asset that most people have is their house.
What is the difference between current asset and liquid asset?
liquid asset can be converted into cash within a very short span of time...
Is a house a liquid asset?
no
Is a loan a liquid or illiquid asset?
liquid assets
Which of these is the most liquid asset?
The least liquid asset that most people have is their house.
Why is cash an asset?
Balance sheet is always maintained as most liquid asset at the top, so as the cash is the most liquid asset of business that;s why it is shown right at the top before all other less liquid assets.
Is a car a current asset?
no, it is a fixed asset..
The most liquid asset is?
Money
