Author: MCQsLoader

(A) Fixed liability
(B) Current liability
(C) Long term liability
(D) None of these

Answer: Current liability
Liability that are due withen one year is called Current liability.

(A) Solvency
(B) Consolidation
(C) Liquidity
(D) None of these

Answer: (A) Solvency
The ability of a business to pay its debt is called Solvency.

(A) Liquidity
(B) Solvency
(C) Profitability
(D) All of these

Answer: (A) Liquidity
The ability to convert assets into cash is called liquidity.