In what order are current assets listed on a balance sheet?
A)By dollar amount (largest first).
B)By date of acquisition (earliest first).
C)By liquidity.
D)By relevance to the operation of the business.

Question

Quizplus · Accepted Answer

Current assets are typically listed in order of liquidity, meaning the most liquid assets (those that can be easily converted to cash) are listed first. This order helps users of the balance sheet understand the availability of assets to the business for operating and investing activities.

In What Order Are Current Assets Listed on a Balance