Practicing Success
Arrange the following current assets in of their liquidity. A. Prepaid expenses B. Raw Material C. Debtors D. Finished goods inventory E. Bills receivable Choose the correct answer from the options given below: |
A, B, C, D and E E, B, C, A and D E, C, D, B and A E, D, C, B and A |
E, C, D, B and A |
Current assets, in order of their liquidity, are as under: 1. Cash in hand/Cash at Bank 2. Marketable securities 3. Bills receivable 4. Debtors 5. Finished goods inventory 6. Work in progress 7. Raw materials 8. Prepaid expense |