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8 June, 09:29

Which of the following is an example of an illiquid asset?

A. accounts receivable

B. money in an checking account

C. a truck owned by a moving company

D. an outstanding bill owed to a supplier

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Answers (1)
  1. 8 June, 11:43
    0
    The correct answer would be B, Money in a checking account.

    Explanation:

    Liquid assets are one in the category of assets that are ready to be converted into cash. Cash held by a company is the considered the liquid asset of the company. Or any assets which can be converted into cash without losing so much of its value is called a liquid asset. For example if a company holds gold bars as one of the assets, then this would be considered as the liquid asset because gold can easily be converted into cash in case of need. Account Receivables, Gold, deposits receipts, securities, bonds, etc are considered to be the liquid assets of the company after Cash.
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