Liquid capital in a business means the

Assessment: WAEC SSCE - Commerce - 2011 (Objective) Subject: Commerce

Question 1 Report

Liquid capital in a business means the

Answer Details
Liquid capital in a business refers to the assets that can easily be converted to cash without significant loss of value. These are assets that are readily available to a business for use in meeting its financial obligations, such as paying bills or investing in new opportunities. Examples of liquid assets include cash, short-term investments, and accounts receivable. Having a strong amount of liquid capital is important for a business, as it allows them to quickly respond to financial needs or opportunities as they arise.
Read lesson note on Business Capital And Profits (WAEC)
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