WORTH Definition

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WORTH is an indefinite quantity of something having a specified value.

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LIQUIDITY is a. a companys ability to meet current obligations with cash or other assets that can be quickly converted to cash; b. in securities, it is the ease with which an instrument can be bought or sold at or near prevailing market prices in the secondary market (often reflected by the range of the bid-asked spread).

CASH RECEIPTS JOURNAL is the journal for recording all cash receipts.

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