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Accountancy
Financial Statements of a Company
According to the prescribed order of assets in a Company’s Balance Sheet , which asset should be shown first of all?
Non-current Assets
Loans and Advances
Current Assets
Current Investments
Assests order:1) Non-Current Assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets 2) Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets