Which of the following is the most liquid asset?
A) Building
B) Prepaid Expenses
C) Accounts Receivable
D) Cash

Question

Quizplus · Accepted Answer

Cash is the most liquid asset as it can be easily and quickly converted into any other form of asset or used for purchasing goods and services. Building, prepaid expenses, and accounts receivable are not as easily converted into cash and may require more time and effort to be liquified.

Which of the Following Is the Most Liquid Asset