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The correct answer is: C. 2, 1, 3<\/strong><\/p>\n Cash at bank is the first item to appear in the preparation of financial statements, followed by gross profit and net profit.<\/p>\n Cash at bank is the most liquid asset of a company and is therefore the first item to be listed on the balance sheet. Gross profit is the difference between the revenue generated by a company and the cost of goods sold. Net profit is the difference between gross profit and all other expenses incurred by a company.<\/p>\n Here is a more detailed explanation of each item:<\/p>\n The order in which these items appear on the financial statements is important because it provides information about the financial health of the company. Cash at bank is the most liquid asset, so it is listed first. Gross profit is a measure of the profitability of the company’s sales, so it is listed second. Net profit is a measure of the overall profitability of the company, so it is listed last.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”1, 2, 3″ option2=”3, 2, 1″ option3=”2, 1, 3″ option4=”2, 3, 1″ correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-48842","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n\n