Answer:
False
Explanation:
Liquidity describes the ease with which assets can be converted into cash. Cash at hand or money in the bank, is, therefore, the most liquid asset, as it does not need any conversion. The lesser time it takes to convert an asset to cash, the more liquid the asset is.
A piece of land is not easy to convert to cash. It takes months or more to finalize a land transaction. Large physical assets such as buildings, plant and machinery, together with land, are the least liquid assets.
Assets like bonds and stocks are considered liquid as they can be converted into cash within days.
Answer:
Depreciation Expense
Explanation:
There are two sections consist of debit columns and credit columns in the trial balance. Moreover, the debit and the credit total are always equaled and matched
While the adjusted trial balance is the trial balance that is prepared after recording the adjusting entries
So, the depreciation expense should probably would not be appear as it is to be charged over the remaining life of the fixed asset