_______refers to the order in which the various assets and liabilities are shown in the Balance Sheet.
A)Grouping
B)Order of permanence
C)Marshalling
D)Order of liquidity

Question

Quizplus · Accepted Answer

Marshalling refers to the arrangement or order in which assets and liabilities are listed in the balance sheet. It can be done based on liquidity, permanence, or in the order of preference of the management.

_______Refers to the Order in Which the Various Assets and Liabilities