what do you mean by grouping and masshalling of asset and liability?
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Grouping' means putting together items of similar nature under a common heading. Marshalling of Balance Sheet means the order in which the assets and liabilities are arranged and shown in the Balance Sheet: Assets and liabilities can be arranged in the Balance Sheet into two ways : In order of liquidity.
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Thus, 'Grouping' means putting together items of similar nature under a common heading. Marshalling of Balance Sheet means the order in which the assets and liabilities are arranged and shown in the Balance Sheet: Assets and liabilities can be arranged in the Balance Sheet into two ways : In order of liquidity.
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