By grouping assets in decreasing order of liquidity, the accounts receivable account will almost always be the first item on the balance sheet.

Name: By grouping assets in decreasing order of liquidity, the accounts receivable account will almost always be the first item on the balance sheet.
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The first item on the balance sheet is typically cash and cash equivalents, as they are the most liquid assets. Accounts receivable is listed after cash and cash equivalents.

By Grouping Assets in Decreasing Order of Liquidity, the Accounts