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15 June, 10:34

The most liquid asset is: Sales. Cash. Accounts payable. Owners' equity

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  1. 15 June, 10:48
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    Cash is the most liquid of all assets. It is used to meet current financial obligations. Cash is also used to sustain operations. It can easily and quickly turn from cash to other assets. It is essential to maintain a certain level of cash for paying off debts, expenses, purchase of assets or for the use in operations.
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