Question

what are the ways in which balance sheet may be marshalled ?

Answer 1

Answer:

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Answer 2

Answer:⤵️

The balance sheet is generally marshalled in three ways.

1. The order of Liquidity or Realisability According to this method, assets are entered up in the balance sheet following the order in which they can be converted into cash and the liabilities in the order in
2. The order of Performance This method is the reverse of the first method. Under this method, the assets are stated according to their permanency, i.e., permanent assets are shown first and less permanent are shown one after another. Similarly, the fixed liabilities are stated first and the floating liabilities follow. The following is a specimen of a balance sheet based on this order.
3. Mixed Order of Arrangement This method is the combination of the first two methods. Under this method, the assets are arranged in order realisability and liabilities are arranged in order of performance.The first method is adopted by sole proprietors, firms and partnership concerns.The second method is adopted by companies and the third method is adopted by banking concerns.which they can be paid off.