{"id":46231,"date":"2024-04-15T22:09:22","date_gmt":"2024-04-15T22:09:22","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46231"},"modified":"2024-04-15T22:09:22","modified_gmt":"2024-04-15T22:09:22","slug":"in-what-order-are-the-followingassetsshown-in-the-balance-sheet-of-a-company-i-trade-receivables-ii-cash-iii-furniture-and-fittings-iv-investment-in-shares-and-debentures","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-what-order-are-the-followingassetsshown-in-the-balance-sheet-of-a-company-i-trade-receivables-ii-cash-iii-furniture-and-fittings-iv-investment-in-shares-and-debentures\/","title":{"rendered":"In what order are the followingassetsshown in the balance sheet of a company? i. Trade receivables ii. Cash iii. Furniture and fittings iv. Investment in shares and debentures"},"content":{"rendered":"

[amp_mcq option1=”ii, i, iv, iii” option2=”i, ii, iii, iv” option3=”iii, iv, i, ii” option4=”iv, iii, ii, i” correct=”option2″]<\/p>\n

The correct answer is: B. i, ii, iii, iv<\/strong><\/p>\n

Assets are listed on the balance sheet in order of liquidity, which is how easily they can be converted into cash. Cash is the most liquid asset, followed by trade receivables, which are amounts owed to the company by its customers. Furniture and fittings are less liquid, as they would need to be sold in order to be converted into cash. Investment in shares and debentures are the least liquid assets, as they cannot be easily sold.<\/p>\n

Here is a brief explanation of each option:<\/p>\n