Question

Q : The descending order in which current assets should be shown in the balance sheet is:Stock, Debtors, Cash, BankoB Cash, Bank, Debtors, Stockc Stock, Debtors, Bank, CashDebtors, Stock, Bank, Cash​

Answer 1

The order in which current assets should be shown in the balance sheet is listed below.

Step-by-step explanation:

1. Cash on hand
2. Cash at bank
3. Investments
4. Debtors
5. Bills Received
6. Stocks
7. Interest
8. Ads

• Current assets is the term used to refer to the assets or profits that arise during the present course of business or trade.
• It is important to maintain a balance sheet to keep them in order and checked.

Answer 2

Answer:

Step-by-step explanation:

The descending order in which current assets should be shown in the statement of financial position is