The Most Liquid Type of Asset Is

question 70

Multiple Choice

The most liquid type of asset is:

• A) bills receivable.
• B) cash.
• C) investment in listed shares.
• D) inventory.

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Definitions:

Master Budget

A comprehensive financial plan made up of several smaller and specific budgets, combining them into one overarching budget.

Individual Budgets

Specific financial plans for departments, projects, or activities within a company, detailing expected revenues and expenses.

Selling Expenses Budget

This refers to a detailed plan that outlines all the expenses associated with the selling activities of a business over a specific period.

Sales Budget

A detailed forecast of a company's sales revenue expected to be generated in a specific time period.