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Rhyme to remember order of Balance Sheet anyone??

KAYLEAKAYLEA Just JoinedRegistered Posts: 4
does anyone have a rhyme to remember the order of the balance sheet?

Comments

  • sarahwilsonsarahwilson Experienced Mentor Registered Posts: 567
    I can't take the credit for this rhyme, its Karens (potsandclocks) I think but its very good.

    Funny Animals = Fixed Assets
    Clever Animals = Current Assets
    Can Loose = Current Liabilities
    Faith = Financed by
    Sarshar
  • StarSStarS New Member Registered Posts: 14
    Hi Sarah,
    Can you explain about this? how does it work?
    Thank you.
  • MattWMattW Feels At Home Registered Posts: 37
    I have one for the order of current assets:

    Smart Dressed People Buy Clothes -

    Stocks
    Debtors
    Prepayments
    Bank
    Cash
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