The ability of an asset to be quickly turned into cash
A) Disposal
B) Liquidity
C) Accrual
D) Profitability

Name: The ability of an asset to be quickly turned into cash A) Disposal B) Liquidity C) Accrual D) Profitability
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Question

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Liquidity refers to the ability of an asset to be quickly turned into cash. Disposal refers to getting rid of an asset, accrual refers to the accumulation of interests or dividends, and profitability refers to the ability of a business to generate profits.

The Ability of an Asset to Be Quickly Turned into Cash