Financial and Management Accounting

1: What is the correct sequence of the following items of current assets in the balance sheet of a company as per the Companies Act, 1956? 1. Cash balance in hand 2. Interest accrued on investments 3. Stores and spare parts 4. Loose tools 5. Sundry debtors 6. Stock-in-trade 7. Work-in-progress Select the correct answer using the codes given below:

A.	2,5,4,6,7,3,1
B.	1,2,4,3,5,7,6
C.	7,6,4,1,2,5,3
D.	2,3,4,6,7,5,1
	Answer : D Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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Financial and Management Accounting

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