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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not

1585


Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company

1683


can i get exact salary of clerk in SBI. and i want to know about promotion details .....

1443


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1300


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

1557






WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

1761


Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe

3201


Process of the settlement cycle?

1614


How to maintain Purchase Orders ? Please explain by proper format.

1792


Suppose the production is more and sales less then what will happen

1542


What is Budgeted capital ?

1516


how to entry of hra

1681


why are you selecting for the profitbulity analysis costing based& active based

1624


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

1802


Short Answer on ______Amortization

1457