WAEC Accounting 2024 Objective — Question 39
Question 39 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
Advertisement
Liquid assets refer to
- A. cash and other assets that can be easily converted into cashCorrect
- B. cash and other current assets
- C. current assets less current liabilities
- D. bank balance less overdraft
Explanation
Liquid assets are cash and near-cash assets that can quickly be converted into cash.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.