What is the difference between assets and liquid assets?

Liquid assets are thought of as current assets, but in practical the two terms are different. Yes, it would be wise to say that all liquid assets are part of current assets too.

Current assets are those assets that can be changed into cash within a short amount of time. These assets include cash, bank balance, accounts receivable, inventory, prepaid expenses l iquid assets are considered more liquid than current assets. It is guessed that these assets can be changed into cash within a very short time period. For this purpose, liquid assets include current assets like cash, bank balance, accounts receivable and excludes inventory and prepaid expenses.