Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › Balance sheet items are typically listed in orde…
Balance sheet items are typically listed in order of
AAlphabetical sort
BSize of amount
CDate of purchase
DLiquidity level
Answer & Solution
Correct answer: D. Liquidity level
Assets and liabilities are ordered by liquidity, with current items before long-term ones.
Related questions
Labour unions use financial statements when negotiatingAnother name for the balance sheet is the statement ofMD&A in an annual report gives a narrative from the view ofInternational Financial Reporting Standards are developed by theGAAP stands forConsolidated statements present a parent and its subsidiaries asMoney received for services not yet provided is recorded asApple trees grown to produce apples are an example of