June 2015

1:

In what order, the following assets are shown in the balance sheet of a company?

(i) Trade receivables

(ii) Cash

(iii) Furniture and fittings

(iv) Investment in shares and debentures

A.

(ii), (i), (iv), (iii)

B.

(i), (ii), (iii), (iv)

C.

(iii), (iv), (i), (ii)

D.

(iv), (iii), (ii), (i)

 

Answer : C

Explanation :

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Option: A

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