On a balance sheet, assets are usually classified as:
A) Current Assets, Fixed Assets, Plant and Equipment, and Intangible Assets.
B) Current Assets, Long Term Assets, Plant and Equipment, and Intangible Assets.
C) Current Assets, Fixed Assets and Long-term Investments.
D) Current Assets and Non-current Assets.

Question

Quizplus · Accepted Answer

Assets on a balance sheet are primarily classified into two main categories: Current Assets and Non-current Assets. This classification helps in understanding the liquidity and operational efficiency of a company.

On a Balance Sheet, Assets Are Usually Classified As