WAEC - Commerce (2011 - No. 38)
Liquid capital in a business means the
movable assets of the business
authorised capital
issued capital
assets easily convertible to cash
Explanation
Liquid capital, or fluid capital is a readily convertible asset, such as money or other bearer economic instruments, as opposed to a long term asset like real estate. It is the asset that is easily converted to cash
Comments (0)
