In general, what is changing as you read down the left-hand side of a balance sheet?

Question

Quizplus · Accepted Answer

As you read down the left-hand side of a balance sheet, the assets are becoming less liquid. This is because the assets that are most easily convertible to cash are typically listed at the top, with the less liquid assets listed further down. As a result, the assets are becoming less readily available for use in paying off debts or meeting other short-term obligations.

In General, What Is Changing as You Read Down the Left-Hand