6.7k views
0 votes
What are liquid assets? What are non-liquid assets? What are some examples of each?

User Supergiox
by
5.1k points

1 Answer

4 votes

Step-by-step explanation:

A liquid asset allows any individual or a company to access cash at any time they want. ex:Cash or currency, Bank accounts, Accounts receivable

Non liquid assets are assets that cannot be sold or converted into cash easily without a significant loss of investment. Some examples of such assets include houses, cars, land, televisions and jewelry.

hope it helps!

User Mamun Sardar
by
4.8k points