Which one of the following accounts is the most liquid?
A)inventory
B)building
C)accounts receivable
D)equipment
E)land

Question

Quizplus · Accepted Answer

Accounts receivable is the most liquid account as it represents the money owed to a company by its customers for goods or services that have already been provided. This money can be collected relatively quickly, making it more liquid than inventory, building, equipment, or land, which may take longer to convert into cash.

Which One of the Following Accounts Is the Most Liquid