Question

In what order are current assets listed on a balance sheet? by dollar amount (largest first). by date of acquisition (earliest first). by liquidity. by relevance to the operation of the business

Answer 1

The Current assets are listed on a balance sheet by order of liquidity i.e in the order of the amount of time it would usually take to convert them into cash.

n accounting terms, current assets are those assets that can reasonably be expected to be sold, consumed, or exhausted in the ordinary course of business of the company during the current fiscal year or operating cycle or fiscal year.

Current assets represent the value of all assets that can reasonably be expected to be converted into cash within one year. 1 Working capital is segregated from other resources. This is because companies rely on working capital to finance their ongoing operations and pay their current expenses.

Current assets are assets that can be converted into cash within one year. B. Short Term Investments and Accounts Receivable. Fixed assets are long-term assets with full value that can only be realized after one year, such as B. Fixed Assets and Machinery.

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