WAEC Accounting 2016 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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45. Assets which are readily convertible into cash are termed as A. liquid assets B. fixed assets C. intangible assets D. tangible assets
- A. liquid assetsCorrect
- B. fixed assets
- C. intangible assets
- D. tangible assets
Explanation
Assets which are readily convertible into cash are termed liquid assets.
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