Assets and liabilities in a Balance sheet may be arranged in the order of …..

Related MCQs

• ……………..means excess of current assets over current liabilities.
• ……………..is the process of identifying the financial strengths and weakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account
• ……………explains what has happened to a business unit as a result of operations between two balance sheet dates.
• An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………
• ………..liabilities are those which are intended to be paid in the ordinary course of business within a short period.
• ……………….means cash and other assets which are expected to be sold or consumed during the normal operating cycle of business.
• The term fixed assets includes
• The term current assets does not include
• ……………….refers to firms investment in current assets.
• Which among the following asset is excluded from current assets ?