List in term of priority of Liquidity of the Assets in a Balance Sheet

Earlier article deals with individual classification of assets in a balance sheet. Below assets are classified in accordance to urgency of liquidity:

  • Cash in  hand
  • Cash at bank
  • Government securities
  • Bills receivables
  • Sundry debtors
  • Prepaid expenses
  • Stock of finished goods
  • Work –in-progress
  • Raw materials
  • Machinery
  • Furniture
  • Building
  • Patents
  • Goodwill

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