Difference between current assets and liquid assets Liquid assets are thought of as current assets, but in practical the two terms are different. Yes, it would be wise to say that all liquid assets are part of current assets too. read more
A liquid asset is any form of asset that can be readily converted to cash and used for immediate and urgent requirement. The conversion of the liquid asset into cash results in no or very little loss of value. Cash itself is a form of liquid asset. read more
All assets represent money, but only liquid assets can be easily turned into spendable money. Because this is the definition of liquid assets: A liquid asset is cash on hand or an asset that can be readily converted to cash. read more