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what is quick asset

Answer Posted / 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



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