Arrangement of Balance Sheet in a logical order is known as __________?
Correct answer: A. Marshalling Balance Sheet
- A. Marshalling Balance Sheet
- B. Dressing Balance Sheet
- C. Formatting Balance Sheet
- D. Make up of Balance Sheet
Explanation
Marshalling means arranging balance-sheet items in a logical order, usually according to liquidity or permanence. The other terms are not the standard accounting expression.
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About Financial Statements
Financial statements present a business's financial performance and position through the income statement, statement of financial position, cash flow statement and changes in equity. Questions involve preparing and interpreting these statements, adjusting entries, depreciation, closing inventory, accrued and prepaid items, and distinguishing profit from cash flow.
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