BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Current assets are short-term assets that can be used up or converted to cash within one year or one operating cycle. Non-current assets are long-term assets that a company expects to use for more than one year or operating cycle.

Detailed explanation-2: -A liquid asset is an asset that can easily be converted into cash in a short amount of time. Liquid assets include things like cash, money market instruments, and marketable securities. Both individuals and businesses can be concerned with tracking liquid assets as a portion of their net worth.

Detailed explanation-3: -Liquid assets, however, are the assets that can be easily, securely, and quickly exchanged for legal tender. Your inventory, accounts receivable, and stocks are examples of liquid assets-things you can quickly convert to hard cash.

Detailed explanation-4: -A liquid asset is an asset that can easily be converted into cash within a short amount of time.

Detailed explanation-5: -Liquid assets means cash or cash equivalents which can be easily converted to cash in a very short time. Inventories and prepaid expenses are not considered as liquid asset else every current asset is liquid asset.