Accounting · Financial Statements
In which approach of marshalling a balance sheet are long-term assets presented first, while the most liquid assets (like cash in hand) are presented at the bottom?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Random order
- 2Liquidity order
- 3Permanence order✓
- 4Alphabetical order
Correct answer
Permanence order
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