Stock is considered as a liquid asset as anytime it can be converted into cash immediately.

Related MCQs

• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
• All items of stock in Trading and Profit and loss Account are to be converted into cost price if these are given at an _
• As per As- 28 impairment of asset means decrease in the value of asset.
• Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.
• …………….asset is one which has been classified as non-performing asset for period not exceeding than………….years
• Liquid asset is determined by
• A ---------- policy covers loss of stock, fixed asset, profit, expenses etc.
• If value of stock on date of fire is 429000, salvage is 1570000 then stock destroyed by fire will ………………