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30 December, 09:30

Assets are recorded in the balance sheet in order of: Select one:

A. Maturity

B. Market value

C. Liquidity

D. Historic value

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Answers (1)
  1. 30 December, 11:10
    0
    (C)

    Explanation:

    Liquidity refers to how quickly or readily an asset is convertible into cash.

    Following the order of liquidity, cash in hand is the most liquid item and hence it is presented first in the balance sheet. Similarly, marketable securities are highly liquid. These are followed by accounts receivables, inventory, fixed assets and lastly intangibles such as Goodwill, Patents etc are presented.
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