Financial State...

The manufacturing account is prepared __________________.

In ____________ approach assets which are to be used for long term in the business and are not meant to be sold are presented first and assets which are most liquid such as cash in hand, are presented at the bottom.

Arrange the following assets as per liquidity order.
I. Debtors
II. Building
III. Cash & Bank
IV. Stock
Select the correct answer from the options given.

Which of the following statement is true?

Another name for the balance sheet is?

Arrange the following assets as per permanence order.
I. Cash & Bank
II. Building
III. Investment
IV. Stock
Select the correct answer from the options given.

The arrangement of assets and liabilities in accordance with a particular order is known as ___________.

Which of the following business entity will not prepare Trading Account?

In ____________, approach the assets are stated in balance sheet in the order in which they can be easily converted into cash and the liabilities in the order in which they have to be paid off.

Arrange the following assets as per liquidity order.
I. Cash & Bank
II. Building
III. Investment
IV. Stock
Select the correct answer from the options given.