Question

what do you mean by grouping and masshalling of asset and liability?​

Answer 1

Answer:

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.

Answer 2

Answer:

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.