Question

arrange assets in the order of permanence:
goodwill, patents, sundry debtors, prepaid salary, long term investment, furniture, cash in hand, closing stock, motor vehicle, bills receivable, short term investment, losse tools.​​

Answer 1

Answer:

thanks you for your time and

Answer 2

Answer:

I have done this as per Schedule 3 of Companies Act, 2013

Explanation:

Non-Current Assets

1.Fixed Assets:

 a)Tangible Assets : Furniture, Motor vehicle

  b)Intangible Assets : Goodwill , Patents

2.Non-Current Investments

  Long Term investment

Current Assets

1.Short-term investments

2. Inventories :

   Closing stock

   Loose tools

3.Trade Receivables:

   Bills Receivable

   Sundry Debtors

4.Cash in hand

5. Other current assets

    Prepaid salary

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