If a balance sheet is ordered fixed assets - current assets, then the order on the other side should be what?
A) Equity - long-term liabilities - short-term liabilities
B) Long-term liabilities - short-term liabilities - equity
C) Short-term liabilities - long-term liabilities - equity

Question

Quizplus · Accepted Answer

The balance sheet should match the order of assets with liabilities and equity. Fixed assets are long-term, so they align with equity and long-term liabilities, followed by current assets with short-term liabilities.

If a Balance Sheet Is Ordered Fixed Assets - Current