For private companies,asset accounts are listed in order of their liquidity.

Name: For private companies,asset accounts are listed in order of their liquidity.
Brand: Quizplus
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Quizplus · Accepted Answer

This is true. Asset accounts for private companies are typically listed in order of their liquidity, with the most liquid assets (such as cash and accounts receivable) listed first and the least liquid assets (such as property, plant, and equipment) listed last.

For Private Companies,asset Accounts Are Listed in Order of Their