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Question
Which of the following approach can be used for marshalling of balance sheet?
Which of the following approach can be used for marshalling of balance sheet?
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Solution
The correct option is C Either (A) or (B)
There are two orders followed in Marshalling of assets and liabilities.
1. Order of Liquidity- In this, the most liquid assets are placed first and least liquid assets are placed last.
2. Order of Permanence - This is the reverse of order of liquidity.
There are two orders followed in Marshalling of assets and liabilities.
1. Order of Liquidity- In this, the most liquid assets are placed first and least liquid assets are placed last.
2. Order of Permanence - This is the reverse of order of liquidity.
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