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Tushar Aher Patil

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Day 7 About Basic Finance and Accounting Concepts Here's Some New Concepts 8. Liquid Assets Easily convertible into cash without a significant loss in value. Examples: cash, cash equivalents, and accounts receivable. 9. Illiquid Assets Assets that are harder to convert to cash quickly or may lose value if sold quickly. Examples: real estate, art, collectibles, and certain machinery.

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