Under IFRS,the balance sheet accounts are listed in case of assets in order of liquidity,while liabilities are listed in order of maturity.
BT: Comprehension

Question

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Under IFRS, assets are listed in order of liquidity, which means the ability to be converted into cash quickly, while liabilities are listed in order of maturity, which means the time required for payment.

Under IFRS,the Balance Sheet Accounts Are Listed in Case of Assets