Asset accounts are listed in order of their liquidity.

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Asset accounts are listed in order of their liquidity, which means they are arranged from most liquid (easily convertible to cash) to least liquid. This is important in financial accounting to understand how quickly assets can be converted into cash if needed. Common examples of asset accounts in order of liquidity are cash, marketable securities, accounts receivable, inventory, and property and equipment.

Asset Accounts Are Listed in Order of Their Liquidity