Under U.S.GAAP,current assets are generally listed on the balance sheet in descending order of liquidity.

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Under U.S. GAAP, current assets are generally listed on the balance sheet in descending order of liquidity, meaning the assets that are most easily converted to cash are listed first. This allows investors and creditors to see how quickly a company can access cash to pay its debts and fulfill its obligations.

Under USGAAP,current Assets Are Generally Listed on the Balance Sheet in in Descending