which of the following should be the most appropriate order of current asset in balance sheet...
a- cash,debtor,bank,stock
b- bank,cash,stock,debtor
c-stock,bank,cash debtor
d-cash,bank, debtor,stock.
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b- bank,cash,stock,debto
can be
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Answer:
d) Cash, Bank, Debtor and stock.
Explanation:
Cash, Bank, Debtor and stock is the correct order of presentation under current assets in the balance sheet.
These are classified as liquid assets or current assets.
These assets can be converted into cash within a period of 12 months.
In balance sheet, assets are classified as fixed assets, intangible assets, investments and Current assets.
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