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SOFP which order do liablites go in if any please?

topcattopcat Trusted RegularRegistered Posts: 452
Would appreciated any help on above question..

just to check assets go in the following order:

Inventory
Receivables
Prepayments
Bank
Cash

??

Thank you :001_smile:

Comments

  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    They go in order of liquidity, if you think of it like that from the most difficult to the easiest to convert into hard cash!
  • topcattopcat Trusted Regular Registered Posts: 452
    They go in order of liquidity, if you think of it like that from the most difficult to the easiest to convert into hard cash!

    Did not even realize liabilities has to be in this order so thank you for this!
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