Assets RS. (000) Liabilities RS. (000 Least liquid -Land Debentures Building Loans Plant & Machinery Trade Creditors Permanency Office equipment Bills Payable Overdraft Decreasing Inventory Debtors Notes receivable Cash at Bank Most liquid Cash in hand Suppose you are planning to purchase a business and you are reviewing audited financial statements of the company. Why is it all right to accept information about the value of liquid assets at face value? O Because information on the financial statement was audited O Because liquid assets are fully secured Because liquid assets can be easily verified with their issuers O I don't know, but I'll drink to that! Cheers