Assets presented on the statement of financial position are in order of accounting liquidity.Accounting liquidity refers to:

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Accounting liquidity refers to the ability and time it takes to convert assets to cash. The order of assets presented on the statement of financial position reflects their ease of conversion into cash, with the most liquid assets (such as cash and accounts receivable) presented first, followed by less liquid assets (such as inventory and fixed assets).

Assets Presented on the Statement of Financial Position Are in Order