Current assets are shown in the balance sheet in order of...
Current assets are shown in the balance sheet in order of performance as
debtors, stock, bank and cash
stock, debtors, bank and cash
stock, bank, debtors and cash
debtors, stock, cash and bank
Correct answer is B
The current assets are usually listed on the balance sheet in the following order:
- inventory (stock)
- account receivables e.g debtors
- marketables securities
- cash and cash equivalent
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\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...