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bwilliamar
bwilliamar bwilliamar
  • 25-05-2016
  • Business
Answered

The most liquid asset is: Sales. Cash. Accounts payable. Owners' equity

Verified Answer :

meerkat18
meerkat18 meerkat18
  • 07-06-2016

Cash is the most liquid of
all assets. It is used to meet current financial obligations. Cash is also used
to sustain operations. It can easily and quickly turn from cash to other
assets. It is essential to maintain a certain level of cash for paying off
debts, expenses, purchase of assets or for the use in operations.

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