Assets and liabilities in a Balance sheet may be arranged in the order of …..
A)liquidity
B)permanence
C)both of these
D)none of these

Question

Quizplus · Accepted Answer

Assets and liabilities on a balance sheet can indeed be arranged in the order of liquidity (how quickly they can be converted into cash or paid) and permanence (how long they are expected to remain in the business). This helps in understanding the financial health and stability of a business.

Assets and Liabilities in a Balance Sheet May Be Arranged