The availability of assets to meet financial commitments as they fall due is known as:
A) solvency
B) control over resources
C) gearing
D) asset turnover

Question

Quizplus · Accepted Answer

Solvency refers to the ability of a company to meet its financial obligations as they become due. It is an essential aspect of financial stability, and it indicates whether a company has enough assets to cover its liabilities.

The Availability of Assets to Meet Financial Commitments as They