What are quick assets? Give me some examples
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Answer / lakshman001
Quick Assets are those which can be converted into cash
quickly.
Quick Assets = current assets - (stock + prepaid expenses).
Current assets are those which can be converted into cash
with in a period of 12 months.
| Is This Answer Correct ? | 48 Yes | 4 No |
Answer / arjunanag@rocketmail.com
Quick Assets:- Those assets which can be converted in to cash with out difficult and time waste.
There are 1. cash 2.bank balance (except bank overdraft) 3.marketable securities i.e., short term bonds etc.
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / prakash
Quick assets is
(Current assets-Inventory/stock)
means this are those which you can converted into cash
within 12 months or less.
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / krushna chandra swain
quick asset are those asset which is immediately converted
into cash that is quick asset.
ex:- cash in hand, cash at bank,temporary investment, bills
receivable, sundry debtor.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / akanksha saini
Assets that can be easily be converted into cash or are
already in cash form. It is calculated as current assets minus
inventories.
Stocks are an example of quick assets.
| Is This Answer Correct ? | 3 Yes | 1 No |
Quick assets r the easily convertable into cash or already
in cash form.
Ex: money market instruments,Government Bonds,stock
and etc...
Quick Assets = current Assets - Inventories
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / narasimha
quick asset is nothing but easly converted in to cash
quick =current assets - inventory / current liability
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / vikash khichar
Quick Assets = current assets -( stock+ prepaid expences )
| Is This Answer Correct ? | 0 Yes | 0 No |
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