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      • 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 The money in your checking account, savings account, or money market account is considered liquid because it can be withdrawn easily to settle liabilities.
      www.investopedia.com/ask/answers/032715/what-items-are-considered-liquid-assets.asp
  1. Oct 14, 2024 · The money in your checking account, savings account, or money market account is considered liquid because it can be withdrawn easily to settle liabilities. Key Takeaways. A liquid asset is...

    • Steven Nickolas
    • 2 min
  2. Jun 27, 2024 · Cash is the most liquid asset possible as it is already in the form of money. This includes physical cash, savings account balances, and checking account balances.

  3. Sep 27, 2024 · A liquid asset is either cash or a cash equivalent — that is, something that you can easily convert to cash. Liquid assets include physical cash and money in your checking and...

  4. Mar 31, 2023 · If you have money in your checking account, it's considered an asset. If your account is empty or overdrawn, it's not considered an asset, but rather a liability.

  5. Jun 30, 2022 · Your checking account is liquid because it is a cash equivalent, or “near cash,” and can meet your short-term needs. Cash, accounts receivable, and inventory are liquid assets, but another type of current asset often seen on a business’s balance sheet is marketable securities.

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  7. A liquid asset is cash on hand or an asset other than cash that can be quickly converted into cash at a reasonable price. In other words, a liquid asset can be quickly sold on the market without a significant loss of its value.

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