Current assets are shown in the balance sheet in order of performance as

Accounts - Principles of Accounts

JAMB 2023

A. debtors, stock, bank and cash
B. stock, debtors, bank and cash
C. stock, bank, debtors and cash
D. debtors, stock, cash and bank

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Correct Answer: Option B

Explanation

The current assets are usually listed on the balance sheet in the following order:
- inventory (stock)
- account receivables e.g debtors
- marketables securities
- cash and cash equivalent

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Current assets are shown in the balance sheet in order of performance as

Correct Answer: Option B

Explanation

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