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Quick Assets do not include
Cash in hand
Prepaid Expenses
Marketable Securities
Trade Receivables
- Quick Assets: These are assets that can be quickly converted into cash. They are vital for assessing a company's short-term financial health.
- Option 1: Cash in hand - This is cash readily available for use. It is definitely part of quick assets.
- Option 2: Prepaid Expenses - These are payments made in advance for services or goods. They are not easily converted to cash. ??
- Option 3: Marketable Securities - These are liquid financial instruments that can be easily sold. They are included in quick assets.
- Option 4: Trade Receivables - Money owed by customers for goods or services delivered. Generally considered quick assets.
By: santosh ProfileResourcesReport error
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