Accountancy, asked by dharani3228, 1 year ago

What is meant by marshalling of assests and liabilities? Name the ways in which a balance sheet may be Marshalled.

Answers

Answered by charvigupta
18

Marshalling of assets and liabilities means arranging the assets and liabilities in a specific order. The balance sheet can be marshalled in two ways :-

I) in the order of permanence

2) in the order of liquidity.

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