Which of the following properly orders the list of balance sheet items,from top to bottom?
A) Cash, Inventory, Factory
B) Cash, Factory, Inventory
C) Payable, Long-term Debt, Short-term Debt
D) Inventory, Receivables, Owner's Equity

Question

Quizplus · Accepted Answer

Balance sheet items are typically ordered from most liquid to least liquid. Cash is the most liquid, followed by Inventory, and then Factory (fixed assets).

Which of the Following Properly Orders the List of Balance