Mollypod88 wrote: »
Sorry I'm having a really stupid day today :huh:
What does order of liquidity mean?
Yazi wrote: »
I remember Assets like this : Sit Down Pretty Black Cat.....
Stock = Sit
SLCA = Down (Debtors)
Prepayments = Pretty
Bank = Black
Cash = Cat
SarahJS wrote: »
I'm not 100% sure, but for the exams I don't think it matters (obviously best practice for real life though!).
I'm sure I even saw balance c/d not at the end of the account in the solutions for an AP2 question (a find the missing balance one).