Accounting Dictionary - Letter Q

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Quick asset
is a current asset that can quickly be converted into cash. Examples of current assets include cash, marketable securities (stocks, bonds), accounts receivable (adjusted for bad debt and write-offs), and certificates of deposit. Quick assets do not include such current assets as inventory and prepaid expenses.
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