what is quick asset
Answers were Sorted based on User's Feedback
Answer / nagaraj goud
Assets that can be easily be converted into cash or are
already in cash form. It is calculated as current assets
minus inventories.
Is This Answer Correct ? | 14 Yes | 0 No |
Answer / ashid puzhakkal
QUICK ASSET=CURRENT ASSET-(INVENTORIES+PREPAID EXPENSES)
CURRENT ASSETS ARE ASSETS WHICH CAN CONVERTED INTO CASH
WITHIN A YEAR
THE IDEA QUICK RATIO IS 1:1
QUICK RATIO IS ALSO KNOWN AS ACID TEST RATIO,LIQUID RATIO
ETC
Is This Answer Correct ? | 9 Yes | 2 No |
Answer / charu
Cash and other assets which can or will be converted into
cash fairly soon, such as accounts receivable and
marketable securities; or equivalently, current assets
minus inventory.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / rajesh
quick assets are those which can be easily converted into
cash is called quick assets
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / m.ravi kanth
These are the asserts which can be easily converted into
cash in a short period of time . quick asserts indicates
the liquidity position of the company or a firm.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / subbu
quick asset is shart term asset-stock,cash,recivable this
is the quick aset.it is used for before one year
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / harsh gupta
SIMPLE,QUICK ASSET= CURRENT ASSETS-(STOCK +PREPAID EXPS.),WE CAN SAY ALSO LIQUID ASSETS.
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / nagaveni.c
quick assets means these assets which are converted into
cash without any loss within the year
Is This Answer Correct ? | 0 Yes | 3 No |
Answer / k.praveen kumar
quick assets or current assets this is same word
Is This Answer Correct ? | 4 Yes | 12 No |
hi all plz where interveiws happening in hyd regarding accounting and finance.....plz post here....
While selling fertilisers can we charge VAT on excise duty.
What the trial balance proves us
Answered but misspelled pl correct EARNED BUT NOT RECEIVED (ANS.DEURCCA)
what is the definition of derivative, what is a security?
Will out standing expenses falls under preliminary expenses in balance sheet are not
Long-term lease is which activity? (Operatinf/investing/finance activity) & same like short- team lease also?
When and who prepares Letter of credit and is any relation with bill of exchange? pleas breaf with examle.
Concept of Derivatives and types?
fill in the Blanks Recognising revenues when goods sold on credit ________basis of accounting
what is the difference between debit card and credit card
Expand C I F