The assets of a business that is available for cash or near cash is called
Answer Details
The assets of a business that are available for cash or near cash are called liquid capital.
Liquid capital refers to those assets of a business that can be quickly and easily converted into cash or cash equivalents without significant loss in value. These assets include cash in hand, cash at bank, short-term investments, accounts receivables, and inventory that can be sold quickly.
Having sufficient liquid capital is important for a business as it ensures that the business can meet its short-term obligations, such as paying bills, salaries, and other expenses. It also provides a cushion for unexpected expenses or emergencies. Therefore, businesses monitor their liquid capital carefully to ensure that they have sufficient funds available to meet their short-term needs.