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Quick assets include which of the following?

<p>(a) Cash</p> <p>(b) Accounts Receivable</p> <p>(c) Inventories</p> <p>(d) Only (a) and (b)</p> <p>(e) None of these</p>

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تم إضافة السؤال من قبل Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh
تاريخ النشر: 2014/09/26
Kamran Anjum
من قبل Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh

Mr. Divyesh is right option D) is the right answer.

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

(d) Only (a) and (b)

Sara Khan
من قبل Sara Khan , financial and admin assistant , Ministry Of Defence

D

Malik Khalid Mahmood
من قبل Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

in UAE d) is not applicable, so only a) is right

Ahmad Raja Suliman Ahmad
من قبل Ahmad Raja Suliman Ahmad , Senior Finance Officer , Good Neighbors International

Accounts Receivables & Cash

Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

cash and cash equivalents

Ahmed Abd Alwahab Awad Ibrahim
من قبل Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

the answer is option#

 

(d) Only (a) and (b)

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer is D 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Agree with the answers given by all:  Answer D.

Generally Quick assets =  Current Assets - Inventory.

 

Why Inventory is not included?All inventory cannot be converted into liquid cash within a reasonable short interval.   But there are exceptions also:  In case of Gold and Bullion that can be. 

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