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  1. www.investopedia.com › terms › lWhat Is a Liquid Asset, and What Are Some Examples?

    Jun 27, 2024 · A liquid asset is cash on hand or an asset that can be easily converted to cash. In terms of liquidity, cash is supreme since cash as legal tender is the ultimate goal.

  2. www.investopedia.com › ask › answersWhat Investments Are Considered Liquid Assets? - Investopedia

    Oct 14, 2024 · Cash on hand is considered to be a liquid asset because it can be readily accessed. The money in your checking account, savings account, or money market account is considered liquid...

    • Steven Nickolas
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  4. www.investopedia.com › ask › answersCurrent Assets vs. Noncurrent Assets: What's the Difference?

    Oct 8, 2024 · Noncurrent assets, on the other hand, are not as liquid as current assets because they generally take longer than a year to convert to cash. Some common examples of noncurrent assets are...

    • Steven Nickolas

  5. www.accountingcapital.com › differences-andDifference Between Current Assets and Liquid Assets

    In theory, they are liquid but practically current assets are not as easily convertible to cash as compared to liquid assets. Current assets are also known as circulating assets, circulating capital and floating assets.

  6. www.wikiaccounting.com › what-are-current-assetsWhat are the Current Assets? (Definition and List of Current ...

    • Petty Cash: Petty cash is classified as current assets, and it refers to a small amount of cash used in operation for small and immediate expenses. This cash usually ranks from USD 500 to USD 2,000 based on the size and nature of the operation.
    • Cash on Hand: Cash on hand is the current assets that come from cash sales or cash collection from the entity’s customers. This cash usually does not allow making payment to suppliers before it banks in or transfers to petty cash.
    • Cash in Bank: Cash in the bank refers to all kinds of money that the entity has in the bank. It can be a current account, savings account, fixed-term deposit, or similar.
    • Cash Advance: A cash advance is also classed as current assets, and its nature is quite similar to cash on hand and cash in the bank. Cash advance occurs when staff needs some cash to spend for some kind of mission or event or some time to purchase sometimes.

  7. www.financestrategists.com › current-assetsCurrent Assets - Finance Strategists

    Jun 8, 2023 · Cash. This is the most liquid form of current asset, which includes cash on hand, as well as checking or savings accounts. It also covers all other forms of currency that can be easily withdrawn and turned into physical cash. It is spendable and requires no conversion. Cash Equivalents.

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  9. www.wallstreetoasis.com › cash-equivalentsCash Equivalents - A Complete Overview and Explanation

    Cash equivalents are investment instruments with high credit quality and high liquidity that are designed for short-term investing. Along with stocks and bonds, cash equivalents, sometimes known as "cash and equivalents," are one of the three primary asset types in financial investing.

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