In what order would the following assets be listed on a balance sheet?
A)Cash, Accounts Receivable, Inventory, Plant and Equipment.
B)Cash, Intangible Assets, Accounts Receivable, Plant and Equipment.
C)Cash, Accounts Receivable, Plant and Equipment, Inventory.
D)Cash, Inventory, Intangible Assets, Accounts Receivable.

Question

Quizplus · Accepted Answer

Assets are listed in order of liquidity. Cash is always first, and Plant and Equipment is listed as a non-current asset. Accounts Receivable is more liquid than Inventory.

In What Order Would the Following Assets Be Listed on a Balance