Financial Reporting and Analysis Q98

0. Which of the following statements is most accurate?

A
A classified balance sheet is one which departs materially from accounting standards as per an auditor’s opinion.
B
A classified balance sheet is grouped into current and non-current assets and liabilities.
C
The excess of current assets over current liabilities is known as liquidity.

Answer
Comment
Array

Option : B
Explanation : A classified balance sheet separately classifies current and non-current assets and liabilities. Excess of current assets over current liabilities is known as working capital.

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