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Which of the following should be the most appropiate order of current asset in a balance sheet?

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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/02
Jiju Oommen
by Jiju Oommen , ERP Software Consultant , Simplex IT Solutions
Mahmoud Hussien
by Mahmoud Hussien , مدير مالى , Green Touch Hard & Softscaping

Cash, bank, debtor, stock Accourding to the IFRS 2017

Rupak Subedi
by Rupak Subedi , Assistant manager , Albandar

In appropriate order of currewnt assest in balance sheet  a cash bank debtor stock comes proportionally

Adonis Evan  de Leon
by Adonis Evan de Leon , ACCOUNTING OFFICER , D’realmann Builders, Incorporated

Based on my knowledge, it should start with the most liquid which is cash. Its order is based on the liquidity of the asset.

Zahra Tanwir
by Zahra Tanwir , Finance Officer , Bureau Veritas

The answer should be option C

Muhammad Kashif Safdar
by Muhammad Kashif Safdar , Group Accounts Manager , Eden Global Investments Ltd.

b) CASH, BANK, STOCK, DEBTORS

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option D is the right answer.

Rauf Latif Babar Bhatti
by Rauf Latif Babar Bhatti , Supervisor Accounts Payable , United Electronics Co. LLC (Authorized Agent of Mitsubishi Electric in UAE & Qatar)

As per IFRS there is not mentioned any order of current assets for balance sheet (financial postions) preparation. However, tradionally, from more liqued to less liqued ..... can be follwed. 

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